JRI vs QQQ: Correlation
How closely do Nuveen Real Asset Income and Growth Fund (JRI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRI and QQQ?
Across a 3-year window, the weekly returns of JRI and QQQ correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 146.5 %².
Within JRI's tracked universe of 15 assets, QQQ comes in at #10 by 3-year correlation. The last year tells two different stories: QQQ led by 21.0 percentage points, +5.3% for JRI against +26.3% for QQQ.
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.
JRI vs QQQ: side by side
| JRI (Nuveen Real Asset Income and Growth Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.3% | +26.3% |
| 5-year return | +31.7% | +95.4% |
| Volatility (ann.) | 17.0% | 19.6% |
| Beta vs S&P 500 | 0.64 | 1.28 |
| Max drawdown (3Y) | -13.7% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 7.0 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
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 | JRI | QQQ |
|---|---|---|
| 2022 | -20.8% | -32.6% |
| 2023 | +10.1% | +54.9% |
| 2024 | +16.3% | +25.6% |
| 2025 | +26.8% | +20.8% |
| 2026 | -0.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JRI and QQQ?
As of 2026-08-27, the correlation of weekly returns between JRI and QQQ is 0.44 over 3 years, 0.44 over 1 year and 0.54 over 5 years.
Is QQQ a good diversifier for JRI?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
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Related comparisons
Hubs: JRI correlations · QQQ correlations
