QQQ vs TRX: Correlation
Invesco QQQ Trust (QQQ) and TRX Gold Corporation (TRX) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRX?
Over the past 3 years, QQQ and TRX moved with a correlation of 0.13, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.25 versus 0.13 over 3 years. Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 151.9 %².
By 3-year correlation, TRX places #3596 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months TRX outperformed by 212.6 percentage points (+26.3% for QQQ against +238.9% for TRX). Note the risk asymmetry: TRX 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 TRX: side by side
| QQQ (Invesco QQQ Trust) | TRX (TRX Gold Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +238.9% |
| 5-year return | +95.4% | +197.6% |
| Volatility (ann.) | 19.6% | 61.2% |
| Beta vs S&P 500 | 1.28 | 0.56 |
| Max drawdown (3Y) | -22.8% | -68.3% |
| 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 |
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 | TRX |
|---|---|---|
| 2022 | -32.6% | -15.0% |
| 2023 | +54.9% | +11.8% |
| 2024 | +25.6% | -18.4% |
| 2025 | +20.8% | +196.8% |
| 2026 | +17.7% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRX good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TRX?
Using weekly returns as of 2026-08-27: 0.13 over 3 years, with 0.25 over the last year and 0.11 over 5 years.
Is TRX a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
A reading of 0.13 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-trx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-trx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TRX correlations
