QQQ vs TRTX: Correlation
Invesco QQQ Trust (QQQ) and TPG RE Finance Trust, Inc. (TRTX) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRTX?
Across a 3-year window, the weekly returns of QQQ and TRTX correlate at 0.18, weak. Recent behaviour matches the longer record: 0.21 over 1 year against 0.18 over 3. Stretching to 5 years gives 0.34, with an annualized covariance of 99.8 %².
Within QQQ's tracked universe of 4755 assets, TRTX comes in at #3105 by 3-year correlation. The last year tells two different stories: QQQ led by 32.6 percentage points, +26.3% for QQQ against -6.3% for TRTX.
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 TRTX: side by side
| QQQ (Invesco QQQ Trust) | TRTX (TPG RE Finance Trust, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -6.3% |
| 5-year return | +95.4% | +9.9% |
| Volatility (ann.) | 19.6% | 29.0% |
| Beta vs S&P 500 | 1.28 | 0.55 |
| Max drawdown (3Y) | -22.8% | -29.3% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.44% | 12.45% |
| 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 | TRTX |
|---|---|---|
| 2022 | -32.6% | -38.4% |
| 2023 | +54.9% | +9.7% |
| 2024 | +25.6% | +46.9% |
| 2025 | +20.8% | +13.5% |
| 2026 | +17.7% | -4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRTX good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TRTX?
The QQQ/TRTX correlation stands at 0.18 on a 3-year window (1 year: 0.21, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is TRTX a good diversifier for QQQ?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
A reading of 0.18 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-trtx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-trtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TRTX correlations
