QQQ vs TRDA: Correlation
How closely do Invesco QQQ Trust (QQQ) and Entrada Therapeutics, Inc. (TRDA) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRDA?
Over the past 3 years, QQQ and TRDA moved with a correlation of 0.18, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.13 versus 0.18 over 3 years. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 237.8 %².
Among the 4755 assets we track against QQQ, TRDA ranks #3104 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +28.0% for TRDA. One caveat on sizing: TRDA is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
QQQ vs TRDA: side by side
| QQQ (Invesco QQQ Trust) | TRDA (Entrada Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +28.0% |
| 5-year return | +95.4% | -69.6% |
| Volatility (ann.) | 19.6% | 69.2% |
| Beta vs S&P 500 | 1.28 | 1.19 |
| Max drawdown (3Y) | -22.8% | -76.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TRDA |
|---|---|---|
| 2022 | -32.6% | -21.0% |
| 2023 | +54.9% | +11.6% |
| 2024 | +25.6% | +14.6% |
| 2025 | +20.8% | -40.5% |
| 2026 | +17.7% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRDA good diversifiers for each other?
Yes. With a correlation of 0.18, QQQ and TRDA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TRDA?
As of 2026-08-27, the correlation of weekly returns between QQQ and TRDA is 0.18 over 3 years, -0.13 over 1 year and 0.16 over 5 years.
Is TRDA a good diversifier for QQQ?
Yes. With a correlation of 0.18, QQQ and TRDA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-trda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-trda/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TRDA correlations
