QQQ vs TRIN: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Trinity Capital Inc. (TRIN) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRIN?
Across a 3-year window, the weekly returns of QQQ and TRIN correlate at 0.35, moderate. The link has tightened recently: the 1-year correlation (0.47) runs above the 3-year figure (0.35). Stretching to 5 years gives 0.43, with an annualized covariance of 125.4 %².
Within QQQ's tracked universe of 4755 assets, TRIN comes in at #1053 by 3-year correlation. The trailing year gives TRIN the advantage: +26.3% versus +35.6%, a 9.3-point spread.
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 TRIN: side by side
| QQQ (Invesco QQQ Trust) | TRIN (Trinity Capital Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +35.6% |
| 5-year return | +95.4% | +139.8% |
| Volatility (ann.) | 19.6% | 18.5% |
| Beta vs S&P 500 | 1.28 | 0.56 |
| Max drawdown (3Y) | -22.8% | -15.6% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 10.7 |
| Dividend yield | 0.44% | 10.89% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TRIN |
|---|---|---|
| 2022 | -32.6% | -26.6% |
| 2023 | +54.9% | +54.0% |
| 2024 | +25.6% | +14.8% |
| 2025 | +20.8% | +16.0% |
| 2026 | +17.7% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRIN good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TRIN?
The QQQ/TRIN correlation stands at 0.35 on a 3-year window (1 year: 0.47, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is TRIN a good diversifier for QQQ?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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.
Use this data
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Related comparisons
Hubs: QQQ correlations · TRIN correlations
