QQQ vs TRMD: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and TORM plc (TRMD) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRMD?
On 3 years of weekly data the QQQ/TRMD correlation comes out at 0.19, weak. The relationship has been stable: the 1-year correlation (0.10) sits close to the 3-year figure. The 5-year figure is 0.14, and annualized covariance runs at 147.7 %².
Among the 4755 assets we track against QQQ, TRMD ranks #2985 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRMD outperformed by 35.1 percentage points (+26.3% for QQQ against +61.4% for TRMD). One caveat on sizing: TRMD is 2.0 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 TRMD: side by side
| QQQ (Invesco QQQ Trust) | TRMD (TORM plc) | |
|---|---|---|
| 1-year return | +26.3% | +61.4% |
| 5-year return | +95.4% | +679.6% |
| Volatility (ann.) | 19.6% | 39.6% |
| Beta vs S&P 500 | 1.28 | 0.60 |
| Max drawdown (3Y) | -22.8% | -60.6% |
| Market cap | – | $3.3B |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 0.44% | 7.05% |
| 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 | TRMD |
|---|---|---|
| 2022 | -32.6% | +297.7% |
| 2023 | +54.9% | +31.6% |
| 2024 | +25.6% | -23.5% |
| 2025 | +20.8% | +11.3% |
| 2026 | +17.7% | +70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRMD good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TRMD?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.10 over the last year and 0.14 over 5 years.
Is TRMD a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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 · TRMD correlations
