QQQ vs TVRD: Correlation
Invesco QQQ Trust (QQQ) and Tvardi Therapeutics, Inc. (TVRD) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TVRD?
On 3 years of weekly data the QQQ/TVRD correlation comes out at 0.14, weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.14 over 3. The 5-year figure is 0.17, and annualized covariance runs at 318.8 %².
Within QQQ's tracked universe of 4755 assets, TVRD comes in at #3490 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 120.4 percentage points (+26.3% for QQQ against -94.1% for TVRD). One caveat on sizing: TVRD is 6.1 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 TVRD: side by side
| QQQ (Invesco QQQ Trust) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -94.1% |
| 5-year return | +95.4% | -99.7% |
| Volatility (ann.) | 19.6% | 119.7% |
| Beta vs S&P 500 | 1.28 | 1.39 |
| Max drawdown (3Y) | -22.8% | -98.5% |
| 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, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TVRD |
|---|---|---|
| 2022 | -32.6% | -11.8% |
| 2023 | +54.9% | -93.1% |
| 2024 | +25.6% | -31.4% |
| 2025 | +20.8% | -76.6% |
| 2026 | +17.7% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TVRD good diversifiers for each other?
Yes. With a correlation of 0.14, QQQ and TVRD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TVRD?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with 0.23 over the last year and 0.17 over 5 years.
Is TVRD a good diversifier for QQQ?
Yes. With a correlation of 0.14, QQQ and TVRD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 mean?
On the −1 to +1 scale, 0.14 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TVRD correlations
