QQQ vs YTRA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Yatra Online, Inc. (YTRA) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and YTRA?
On 3 years of weekly data the QQQ/YTRA correlation comes out at 0.23, weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. The 5-year figure is 0.19, and annualized covariance runs at 249.5 %².
Within QQQ's tracked universe of 4755 assets, YTRA comes in at #2465 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 55.9 percentage points (+26.3% for QQQ against -29.6% for YTRA). Risk is not evenly split, since YTRA carries 2.9 times the volatility of the other side.
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 YTRA: side by side
| QQQ (Invesco QQQ Trust) | YTRA (Yatra Online, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -29.6% |
| 5-year return | +95.4% | -46.2% |
| Volatility (ann.) | 19.6% | 56.1% |
| Beta vs S&P 500 | 1.28 | 1.03 |
| Max drawdown (3Y) | -22.8% | -77.4% |
| Market cap | – | $0.1B |
| 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 | YTRA |
|---|---|---|
| 2022 | -32.6% | +39.3% |
| 2023 | +54.9% | -32.4% |
| 2024 | +25.6% | -22.7% |
| 2025 | +20.8% | +41.3% |
| 2026 | +17.7% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and YTRA good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and YTRA?
As of 2026-08-27, the correlation of weekly returns between QQQ and YTRA is 0.23 over 3 years, 0.18 over 1 year and 0.19 over 5 years.
Is YTRA a good diversifier for QQQ?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-ytra.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-ytra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · YTRA correlations
