QQQ vs TROW: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and T. Rowe Price (TROW) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TROW?
Across a 3-year window, the weekly returns of QQQ and TROW correlate at 0.60, strong. The past 12 months show a weaker link (0.39) than the 3-year average (0.60). Stretching to 5 years gives 0.70, with an annualized covariance of 274.9 %².
Within QQQ's tracked universe of 4755 assets, TROW comes in at #136 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 18.2 percentage points (+26.3% for QQQ against +8.1% for TROW). On a rolling one-year basis the correlation drifted between 0.40 and 0.79, a moderate band.
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 TROW: side by side
| QQQ (Invesco QQQ Trust) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | +26.3% | +8.1% |
| 5-year return | +95.4% | -37.0% |
| Volatility (ann.) | 19.6% | 23.5% |
| Beta vs S&P 500 | 1.28 | 1.10 |
| Max drawdown (3Y) | -22.8% | -34.0% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 11.3 |
| Dividend yield | 0.44% | 4.57% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Financials |
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 | TROW |
|---|---|---|
| 2022 | -32.6% | -42.2% |
| 2023 | +54.9% | +3.4% |
| 2024 | +25.6% | +9.7% |
| 2025 | +20.8% | -4.7% |
| 2026 | +17.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TROW good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QQQ and TROW?
The QQQ/TROW correlation stands at 0.60 on a 3-year window (1 year: 0.39, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is TROW a good diversifier for QQQ?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 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-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TROW correlations
