QQQ vs TRN: Correlation
Invesco QQQ Trust (QQQ) and Trinity Industries, Inc. (TRN) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRN?
On 3 years of weekly data the QQQ/TRN correlation comes out at 0.24, weak. The past 12 months show a weaker link (-0.02) than the 3-year average (0.24). The 5-year figure is 0.32, and annualized covariance runs at 173.2 %².
Within QQQ's tracked universe of 4755 assets, TRN comes in at #2329 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 19.8 points (+26.3% versus +6.5%). Note the risk asymmetry: TRN runs 1.9 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 TRN: side by side
| QQQ (Invesco QQQ Trust) | TRN (Trinity Industries, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +6.5% |
| 5-year return | +95.4% | +22.0% |
| Volatility (ann.) | 19.6% | 37.5% |
| Beta vs S&P 500 | 1.28 | 0.89 |
| Max drawdown (3Y) | -22.8% | -39.6% |
| Market cap | – | $2.3B |
| P/E (trailing) | – | 7.0 |
| Dividend yield | 0.44% | 4.17% |
| 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 | TRN |
|---|---|---|
| 2022 | -32.6% | +1.5% |
| 2023 | +54.9% | -6.2% |
| 2024 | +25.6% | +37.2% |
| 2025 | +20.8% | -21.5% |
| 2026 | +17.7% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRN good diversifiers for each other?
Reasonably. At 0.24, QQQ and TRN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TRN?
The QQQ/TRN correlation stands at 0.24 on a 3-year window (1 year: -0.02, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is TRN a good diversifier for QQQ?
Reasonably. At 0.24, QQQ and TRN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-trn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-trn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TRN correlations
