QQQ vs TRNR: Correlation
How closely do Invesco QQQ Trust (QQQ) and Interactive Strength Inc. (TRNR) trade together? Their weekly returns over three years give a correlation of 0.06, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRNR?
Over the past 3 years, QQQ and TRNR moved with a correlation of 0.06, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.02) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 186.6 %².
By 3-year correlation, TRNR places #4146 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 125.2 points (+26.3% versus -98.9%). Note the risk asymmetry: TRNR runs 7.7 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 TRNR: side by side
| QQQ (Invesco QQQ Trust) | TRNR (Interactive Strength Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -98.9% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 151.7% |
| Beta vs S&P 500 | 1.28 | 1.38 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | – |
| 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 | TRNR |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | -99.9% |
| 2025 | +20.8% | -97.0% |
| 2026 | +17.7% | -94.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRNR good diversifiers for each other?
Yes. With a correlation of 0.06, QQQ and TRNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TRNR?
Using weekly returns as of 2026-08-27: 0.06 over 3 years, with 0.02 over the last year and n/a over 5 years.
Is TRNR a good diversifier for QQQ?
Yes. With a correlation of 0.06, QQQ and TRNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.06 mean?
A reading of 0.06 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 · TRNR correlations
