QQQ vs TRNS: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Transcat, Inc. (TRNS) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRNS?
On 3 years of weekly data the QQQ/TRNS correlation comes out at 0.27, weak. Recent behaviour matches the longer record: 0.26 over 1 year against 0.27 over 3. The 5-year figure is 0.34, and annualized covariance runs at 267.3 %².
Among the 4755 assets we track against QQQ, TRNS ranks #1921 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 18.6 percentage points (+26.3% for QQQ against +7.7% for TRNS). Risk is not evenly split, since TRNS carries 2.6 times the volatility of the other side.
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 TRNS: side by side
| QQQ (Invesco QQQ Trust) | TRNS (Transcat, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +7.7% |
| 5-year return | +95.4% | +35.0% |
| Volatility (ann.) | 19.6% | 50.0% |
| Beta vs S&P 500 | 1.28 | 1.03 |
| Max drawdown (3Y) | -22.8% | -63.9% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 249.6 |
| Dividend yield | 0.44% | 0.00% |
| 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 | TRNS |
|---|---|---|
| 2022 | -32.6% | -23.3% |
| 2023 | +54.9% | +54.3% |
| 2024 | +25.6% | -3.3% |
| 2025 | +20.8% | -46.3% |
| 2026 | +17.7% | +58.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRNS good diversifiers for each other?
Reasonably. At 0.27, QQQ and TRNS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TRNS?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.26 over the last year and 0.34 over 5 years.
Is TRNS a good diversifier for QQQ?
Reasonably. At 0.27, QQQ and TRNS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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-trns.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-trns/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TRNS correlations
