QQQ vs TRVI: Correlation
How closely do Invesco QQQ Trust (QQQ) and Trevi Therapeutics, Inc. (TRVI) trade together? Their weekly returns over three years give a correlation of 0.08, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRVI?
Across a 3-year window, the weekly returns of QQQ and TRVI correlate at 0.08, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.38 versus 0.08 over 3 years. Stretching to 5 years gives 0.11, with an annualized covariance of 130.9 %².
Among the 4755 assets we track against QQQ, TRVI ranks #4014 by 3-year correlation. The last year tells two different stories: TRVI led by 98.2 percentage points, +26.3% for QQQ against +124.5% for TRVI. One caveat on sizing: TRVI is 4.1 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 TRVI: side by side
| QQQ (Invesco QQQ Trust) | TRVI (Trevi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +124.5% |
| 5-year return | +95.4% | +1008.6% |
| Volatility (ann.) | 19.6% | 81.1% |
| Beta vs S&P 500 | 1.28 | 0.55 |
| Max drawdown (3Y) | -22.8% | -54.7% |
| Market cap | – | $2.6B |
| 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 | TRVI |
|---|---|---|
| 2022 | -32.6% | +146.8% |
| 2023 | +54.9% | -30.6% |
| 2024 | +25.6% | +207.5% |
| 2025 | +20.8% | +203.9% |
| 2026 | +17.7% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRVI good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TRVI?
As of 2026-08-27, the correlation of weekly returns between QQQ and TRVI is 0.08 over 3 years, 0.38 over 1 year and 0.11 over 5 years.
Is TRVI a good diversifier for QQQ?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 mean?
A reading of 0.08 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 · TRVI correlations
