QQQ vs QRVO: Correlation
Invesco QQQ Trust (QQQ) and Qorvo, Inc. (QRVO) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and QRVO?
Over the past 3 years, QQQ and QRVO moved with a correlation of 0.52, which is moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.52). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 418.8 %².
Among the 4755 assets we track against QQQ, QRVO ranks #240 by 3-year correlation. The last year tells two different stories: QQQ led by 21.7 percentage points, +26.3% for QQQ against +4.6% for QRVO. Risk is not evenly split, since QRVO carries 2.1 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 QRVO: side by side
| QQQ (Invesco QQQ Trust) | QRVO (Qorvo, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +4.6% |
| 5-year return | +95.4% | -49.6% |
| Volatility (ann.) | 19.6% | 41.4% |
| Beta vs S&P 500 | 1.28 | 1.53 |
| Max drawdown (3Y) | -22.8% | -60.7% |
| Market cap | – | $8.5B |
| P/E (trailing) | – | 22.1 |
| 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 | QRVO |
|---|---|---|
| 2022 | -32.6% | -42.0% |
| 2023 | +54.9% | +24.2% |
| 2024 | +25.6% | -37.9% |
| 2025 | +20.8% | +20.8% |
| 2026 | +17.7% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and QRVO good diversifiers for each other?
Only partially. A correlation of 0.52 means QQQ and QRVO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QQQ and QRVO?
As of 2026-08-27, the correlation of weekly returns between QQQ and QRVO is 0.52 over 3 years, 0.39 over 1 year and 0.58 over 5 years.
Is QRVO a good diversifier for QQQ?
Only partially. A correlation of 0.52 means QQQ and QRVO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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-qrvo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-qrvo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · QRVO correlations
