QCOM vs RLI: Correlation
Measured on weekly returns over the past three years, Qualcomm (QCOM) and RLI Corp. (RLI) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QCOM and RLI?
On 3 years of weekly data the QCOM/RLI correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.22 over 3 years. The 5-year figure is -0.04, and annualized covariance runs at -206.3 %².
Within QCOM's tracked universe of 41 assets, RLI comes in at #33 by 3-year correlation. Neither side won the trailing year by much: +5.3% against +1.9%. One caveat on sizing: QCOM is 1.9 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.
QCOM vs RLI: side by side
| QCOM (Qualcomm) | RLI (RLI Corp.) | |
|---|---|---|
| 1-year return | +5.3% | +1.9% |
| 5-year return | +25.8% | +46.7% |
| Volatility (ann.) | 42.4% | 22.2% |
| Beta vs S&P 500 | 1.77 | 0.18 |
| Max drawdown (3Y) | -44.2% | -43.5% |
| Market cap | $176.0B | $5.9B |
| P/E (trailing) | 18.9 | 13.5 |
| Dividend yield | 2.19% | 1.02% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | QCOM | RLI |
|---|---|---|
| 2022 | -38.6% | +24.8% |
| 2023 | +35.1% | +3.8% |
| 2024 | +8.3% | +27.6% |
| 2025 | +13.8% | -19.1% |
| 2026 | -2.7% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QCOM and RLI good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QCOM and RLI?
The QCOM/RLI correlation stands at -0.22 on a 3-year window (1 year: -0.41, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is RLI a good diversifier for QCOM?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/qcom-vs-rli.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qcom-vs-rli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QCOM correlations · RLI correlations
