QQQ vs TRST: Correlation
Invesco QQQ Trust (QQQ) and TrustCo Bank Corp NY (TRST) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRST?
On 3 years of weekly data the QQQ/TRST correlation comes out at 0.23, weak. The past 12 months show a weaker link (-0.05) than the 3-year average (0.23). The 5-year figure is 0.24, and annualized covariance runs at 119.6 %².
Among the 4755 assets we track against QQQ, TRST ranks #2451 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TRST ahead by 24.6 points (+26.3% versus +50.9%).
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 TRST: side by side
| QQQ (Invesco QQQ Trust) | TRST (TrustCo Bank Corp NY) | |
|---|---|---|
| 1-year return | +26.3% | +50.9% |
| 5-year return | +95.4% | +121.0% |
| Volatility (ann.) | 19.6% | 26.2% |
| Beta vs S&P 500 | 1.28 | 0.68 |
| Max drawdown (3Y) | -22.8% | -26.2% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | 15.9 |
| Dividend yield | 0.44% | 2.66% |
| 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 | TRST |
|---|---|---|
| 2022 | -32.6% | +17.6% |
| 2023 | +54.9% | -13.3% |
| 2024 | +25.6% | +12.4% |
| 2025 | +20.8% | +29.3% |
| 2026 | +17.7% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRST good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TRST?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with -0.05 over the last year and 0.24 over 5 years.
Is TRST a good diversifier for QQQ?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 mean?
A reading of 0.23 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 · TRST correlations
