QQQ vs TRUP: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Trupanion, Inc. (TRUP) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRUP?
Across a 3-year window, the weekly returns of QQQ and TRUP correlate at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.22) sits close to the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 361.3 %².
By 3-year correlation, TRUP places #1541 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 62.3 points (+26.3% versus -36.0%). Note the risk asymmetry: TRUP runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TRUP: side by side
| QQQ (Invesco QQQ Trust) | TRUP (Trupanion, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -36.0% |
| 5-year return | +95.4% | -68.9% |
| Volatility (ann.) | 19.6% | 60.9% |
| Beta vs S&P 500 | 1.28 | 1.57 |
| Max drawdown (3Y) | -22.8% | -62.0% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 57.0 |
| 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 | TRUP |
|---|---|---|
| 2022 | -32.6% | -64.0% |
| 2023 | +54.9% | -35.8% |
| 2024 | +25.6% | +58.0% |
| 2025 | +20.8% | -22.5% |
| 2026 | +17.7% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRUP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TRUP?
As of 2026-08-27, the correlation of weekly returns between QQQ and TRUP is 0.30 over 3 years, 0.22 over 1 year and 0.44 over 5 years.
Is TRUP a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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-trup.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-trup/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TRUP correlations
