QQQ vs RAVE: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Rave Restaurant Group, Inc. (RAVE) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RAVE?
Over the past 3 years, QQQ and RAVE moved with a correlation of 0.15, which is weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 144.6 %².
By 3-year correlation, RAVE places #3387 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 30.3 percentage points, +26.3% for QQQ against -4.0% for RAVE. Risk is not evenly split, since RAVE carries 2.6 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 RAVE: side by side
| QQQ (Invesco QQQ Trust) | RAVE (Rave Restaurant Group, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -4.0% |
| 5-year return | +95.4% | +146.8% |
| Volatility (ann.) | 19.6% | 50.5% |
| Beta vs S&P 500 | 1.28 | 0.63 |
| Max drawdown (3Y) | -22.8% | -37.2% |
| Market cap | – | – |
| P/E (trailing) | – | 14.8 |
| Dividend yield | 0.44% | 0.00% |
| 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 | RAVE |
|---|---|---|
| 2022 | -32.6% | +56.4% |
| 2023 | +54.9% | +41.1% |
| 2024 | +25.6% | +15.7% |
| 2025 | +20.8% | +27.9% |
| 2026 | +17.7% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RAVE good diversifiers for each other?
Yes. With a correlation of 0.15, QQQ and RAVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and RAVE?
Using weekly returns as of 2026-08-27: 0.15 over 3 years, with 0.18 over the last year and 0.21 over 5 years.
Is RAVE a good diversifier for QQQ?
Yes. With a correlation of 0.15, QQQ and RAVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 mean?
A reading of 0.15 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-rave.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rave/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RAVE correlations
