QQQ vs TRMK: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Trustmark Corporation (TRMK) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRMK?
Over the past 3 years, QQQ and TRMK moved with a correlation of 0.34, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.34 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 178.8 %².
Within QQQ's tracked universe of 4755 assets, TRMK comes in at #1152 by 3-year correlation. Over the last 12 months QQQ came out ahead by 9.8 percentage points (+26.3% against +16.5%).
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 TRMK: side by side
| QQQ (Invesco QQQ Trust) | TRMK (Trustmark Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +16.5% |
| 5-year return | +95.4% | +69.7% |
| Volatility (ann.) | 19.6% | 27.0% |
| Beta vs S&P 500 | 1.28 | 0.91 |
| Max drawdown (3Y) | -22.8% | -22.0% |
| Market cap | – | $2.7B |
| P/E (trailing) | – | 11.8 |
| Dividend yield | 0.44% | 2.12% |
| 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 | TRMK |
|---|---|---|
| 2022 | -32.6% | +10.7% |
| 2023 | +54.9% | -17.0% |
| 2024 | +25.6% | +30.6% |
| 2025 | +20.8% | +13.0% |
| 2026 | +17.7% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRMK good diversifiers for each other?
Reasonably. At 0.34, QQQ and TRMK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TRMK?
As of 2026-08-27, the correlation of weekly returns between QQQ and TRMK is 0.34 over 3 years, 0.02 over 1 year and 0.27 over 5 years.
Is TRMK a good diversifier for QQQ?
Reasonably. At 0.34, QQQ and TRMK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · TRMK correlations
