QQQ vs TRLV: Correlation
Invesco QQQ Trust (QQQ) and Trulieve Cannabis Corp. Subordinate Voting Shares (TRLV) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRLV?
Across a 3-year window, the weekly returns of QQQ and TRLV correlate at 0.11, weak. Recent behaviour matches the longer record: 0.02 over 1 year against 0.11 over 3. Stretching to 5 years gives 0.19, with an annualized covariance of 186.3 %².
Within QQQ's tracked universe of 4755 assets, TRLV comes in at #3789 by 3-year correlation. Neither side won the trailing year by much: +26.3% against +22.7%. Note the risk asymmetry: TRLV runs 4.6 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 TRLV: side by side
| QQQ (Invesco QQQ Trust) | TRLV (Trulieve Cannabis Corp. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +26.3% | +22.7% |
| 5-year return | +95.4% | -59.1% |
| Volatility (ann.) | 19.6% | 89.9% |
| Beta vs S&P 500 | 1.28 | 1.02 |
| Max drawdown (3Y) | -22.8% | -77.5% |
| Market cap | – | $2.1B |
| 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, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TRLV |
|---|---|---|
| 2022 | -32.6% | -70.9% |
| 2023 | +54.9% | -31.2% |
| 2024 | +25.6% | -0.5% |
| 2025 | +20.8% | +67.6% |
| 2026 | +17.7% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRLV good diversifiers for each other?
Yes. With a correlation of 0.11, QQQ and TRLV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TRLV?
The QQQ/TRLV correlation stands at 0.11 on a 3-year window (1 year: 0.02, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is TRLV a good diversifier for QQQ?
Yes. With a correlation of 0.11, QQQ and TRLV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-trlv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-trlv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TRLV correlations
