JRVR vs QQQ: Correlation
How closely do James River Group Holdings, Inc. (JRVR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRVR and QQQ?
Over the past 3 years, JRVR and QQQ moved with a correlation of 0.03, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.28 versus 0.03 over 3 years. Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 34.3 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against JRVR. Correlation aside, the last 12 months split them widely, with QQQ ahead by 52.7 points (-26.4% versus +26.3%). Note the risk asymmetry: JRVR runs 2.6 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.
JRVR vs QQQ: side by side
| JRVR (James River Group Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -26.4% | +26.3% |
| 5-year return | -88.2% | +95.4% |
| Volatility (ann.) | 51.3% | 19.6% |
| Beta vs S&P 500 | 0.55 | 1.28 |
| Max drawdown (3Y) | -77.1% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 9.4 | – |
| Dividend yield | 0.97% | 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 | JRVR | QQQ |
|---|---|---|
| 2022 | -26.8% | -32.6% |
| 2023 | -55.2% | +54.9% |
| 2024 | -46.2% | +25.6% |
| 2025 | +31.6% | +20.8% |
| 2026 | -35.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRVR and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between JRVR and QQQ?
As of 2026-08-27, the correlation of weekly returns between JRVR and QQQ is 0.03 over 3 years, -0.28 over 1 year and 0.12 over 5 years.
Is QQQ a good diversifier for JRVR?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 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.
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Related comparisons
Hubs: JRVR correlations · QQQ correlations
