QQQ vs TROO: Correlation
Invesco QQQ Trust (QQQ) and TROOPS, Inc. (TROO) show a weak relationship: their 3-year correlation of weekly returns is 0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TROO?
Across a 3-year window, the weekly returns of QQQ and TROO correlate at 0.12, weak. Lately the two have moved closer together, with the 1-year correlation at 0.24 versus 0.12 over 3 years. Stretching to 5 years gives 0.23, with an annualized covariance of 236.8 %².
Within QQQ's tracked universe of 4755 assets, TROO comes in at #3702 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TROO outperformed by 68.4 percentage points (+26.3% for QQQ against +94.7% for TROO). One caveat on sizing: TROO is 5.3 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 TROO: side by side
| QQQ (Invesco QQQ Trust) | TROO (TROOPS, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +94.7% |
| 5-year return | +95.4% | -73.3% |
| Volatility (ann.) | 19.6% | 104.4% |
| Beta vs S&P 500 | 1.28 | 0.54 |
| Max drawdown (3Y) | -22.8% | -89.5% |
| Market cap | – | $0.3B |
| 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 |
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 | TROO |
|---|---|---|
| 2022 | -32.6% | -55.6% |
| 2023 | +54.9% | +37.2% |
| 2024 | +25.6% | -45.2% |
| 2025 | +20.8% | +95.1% |
| 2026 | +17.7% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TROO good diversifiers for each other?
Yes. With a correlation of 0.12, QQQ and TROO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TROO?
As of 2026-08-27, the correlation of weekly returns between QQQ and TROO is 0.12 over 3 years, 0.24 over 1 year and 0.23 over 5 years.
Is TROO a good diversifier for QQQ?
Yes. With a correlation of 0.12, QQQ and TROO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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-troo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-troo/)
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Related comparisons
Hubs: QQQ correlations · TROO correlations
