QQQ vs TRP: Correlation
Invesco QQQ Trust (QQQ) and TC Energy Corporation (TRP) show a near-zero relationship: their 3-year correlation of weekly returns is -0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRP?
Across a 3-year window, the weekly returns of QQQ and TRP correlate at -0.00, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.00). Stretching to 5 years gives 0.12, with an annualized covariance of -0.2 %².
Among the 4755 assets we track against QQQ, TRP ranks #4489 by 3-year correlation. Neither side won the trailing year by much: +26.3% against +23.3%.
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 TRP: side by side
| QQQ (Invesco QQQ Trust) | TRP (TC Energy Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +23.3% |
| 5-year return | +95.4% | +67.2% |
| Volatility (ann.) | 19.6% | 20.0% |
| Beta vs S&P 500 | 1.28 | 0.16 |
| Max drawdown (3Y) | -22.8% | -12.8% |
| Market cap | – | – |
| P/E (trailing) | – | 24.5 |
| Dividend yield | 0.44% | 5.50% |
| 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 | TRP |
|---|---|---|
| 2022 | -32.6% | -9.7% |
| 2023 | +54.9% | +4.7% |
| 2024 | +25.6% | +26.2% |
| 2025 | +20.8% | +21.2% |
| 2026 | +17.7% | +15.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRP good diversifiers for each other?
Yes. With a correlation of -0.00, QQQ and TRP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TRP?
As of 2026-08-27, the correlation of weekly returns between QQQ and TRP is -0.00 over 3 years, -0.34 over 1 year and 0.12 over 5 years.
Is TRP a good diversifier for QQQ?
Yes. With a correlation of -0.00, QQQ and TRP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.00 mean?
On the −1 to +1 scale, -0.00 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
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Related comparisons
Hubs: QQQ correlations · TRP correlations
