QQQ vs TXRH: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Texas Roadhouse, Inc. (TXRH) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TXRH?
Over the past 3 years, QQQ and TXRH moved with a correlation of 0.19, which is weak. Little has changed lately, as the 1-year reading of 0.10 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 96.1 %².
Among the 4755 assets we track against QQQ, TXRH ranks #2987 by 3-year correlation. The trailing year gives QQQ the advantage: +26.3% versus +16.4%, a 9.9-point spread.
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 TXRH: side by side
| QQQ (Invesco QQQ Trust) | TXRH (Texas Roadhouse, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +16.4% |
| 5-year return | +95.4% | +134.1% |
| Volatility (ann.) | 19.6% | 25.6% |
| Beta vs S&P 500 | 1.28 | 0.52 |
| Max drawdown (3Y) | -22.8% | -24.8% |
| Market cap | – | $13.1B |
| P/E (trailing) | – | 32.6 |
| Dividend yield | 0.44% | 1.40% |
| 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 | TXRH |
|---|---|---|
| 2022 | -32.6% | +4.2% |
| 2023 | +54.9% | +37.1% |
| 2024 | +25.6% | +49.8% |
| 2025 | +20.8% | -6.6% |
| 2026 | +17.7% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TXRH good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TXRH?
As of 2026-08-27, the correlation of weekly returns between QQQ and TXRH is 0.19 over 3 years, 0.10 over 1 year and 0.37 over 5 years.
Is TXRH a good diversifier for QQQ?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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-txrh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-txrh/)
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Related comparisons
Hubs: QQQ correlations · TXRH correlations
