QQQ vs TRUG: Correlation
How closely do Invesco QQQ Trust (QQQ) and TruGolf Holdings, Inc. (TRUG) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRUG?
Across a 3-year window, the weekly returns of QQQ and TRUG correlate at 0.12, weak. Little has changed lately, as the 1-year reading of 0.12 lands near the 3-year figure. Stretching to 5 years gives 0.08, with an annualized covariance of 271.8 %².
Among the 4755 assets we track against QQQ, TRUG ranks #3703 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 124.9 percentage points (+26.3% for QQQ against -98.6% for TRUG). One caveat on sizing: TRUG is 5.8 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 TRUG: side by side
| QQQ (Invesco QQQ Trust) | TRUG (TruGolf Holdings, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -98.6% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 114.0% |
| Beta vs S&P 500 | 1.28 | 0.84 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | – |
| 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 | TRUG |
|---|---|---|
| 2022 | -32.6% | +8.1% |
| 2023 | +54.9% | +9.7% |
| 2024 | +25.6% | -94.2% |
| 2025 | +20.8% | -97.8% |
| 2026 | +17.7% | -91.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRUG good diversifiers for each other?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TRUG?
The QQQ/TRUG correlation stands at 0.12 on a 3-year window (1 year: 0.12, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is TRUG a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
What does a correlation of 0.12 mean?
A reading of 0.12 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-trug.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: QQQ correlations · TRUG correlations
