QQQ vs R: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Ryder System, Inc. (R) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and R?
Across a 3-year window, the weekly returns of QQQ and R correlate at 0.41, moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.41). Stretching to 5 years gives 0.36, with an annualized covariance of 251.3 %².
Among the 4755 assets we track against QQQ, R ranks #577 by 3-year correlation. On 12-month performance R holds a 8.6-point edge, +26.3% against +34.9%. Risk is not evenly split, since R carries 1.6 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 R: side by side
| QQQ (Invesco QQQ Trust) | R (Ryder System, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +34.9% |
| 5-year return | +95.4% | +245.8% |
| Volatility (ann.) | 19.6% | 31.1% |
| Beta vs S&P 500 | 1.28 | 1.09 |
| Max drawdown (3Y) | -22.8% | -23.9% |
| Market cap | – | $9.5B |
| P/E (trailing) | – | 20.3 |
| Dividend yield | 0.44% | 1.46% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | R |
|---|---|---|
| 2022 | -32.6% | +4.4% |
| 2023 | +54.9% | +41.6% |
| 2024 | +25.6% | +39.5% |
| 2025 | +20.8% | +24.5% |
| 2026 | +17.7% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and R good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and R?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.15 over the last year and 0.36 over 5 years.
Is R a good diversifier for QQQ?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-r.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-r/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · R correlations
