QQQ vs TRI: Correlation
Invesco QQQ Trust (QQQ) and Thomson Reuters Corp (TRI) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRI?
Over the past 3 years, QQQ and TRI moved with a correlation of 0.23, which is weak. Little has changed lately, as the 1-year reading of 0.15 lands near the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 146.6 %².
Among the 4755 assets we track against QQQ, TRI ranks #2450 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 63.9 percentage points (+26.3% for QQQ against -37.6% for TRI). Note the risk asymmetry: TRI runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TRI: side by side
| QQQ (Invesco QQQ Trust) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | +26.3% | -37.6% |
| 5-year return | +95.4% | -0.4% |
| Volatility (ann.) | 19.6% | 32.0% |
| Beta vs S&P 500 | 1.28 | 0.53 |
| Max drawdown (3Y) | -22.8% | -62.9% |
| Market cap | – | $45.4B |
| P/E (trailing) | – | 27.6 |
| Dividend yield | 0.44% | 2.48% |
| 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 | TRI |
|---|---|---|
| 2022 | -32.6% | -3.0% |
| 2023 | +54.9% | +30.0% |
| 2024 | +25.6% | +11.1% |
| 2025 | +20.8% | -16.6% |
| 2026 | +17.7% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQ holds TRI at a 0.17% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are QQQ and TRI good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TRI?
The QQQ/TRI correlation stands at 0.23 on a 3-year window (1 year: 0.15, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is TRI a good diversifier for QQQ?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: QQQ correlations · TRI correlations
