QQQ vs RAYA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Erayak Power Solution Group Inc. - Class A (RAYA) carry a correlation of 0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RAYA?
Over the past 3 years, QQQ and RAYA moved with a correlation of 0.02, which is near zero, meaning they move largely independently. The past 12 months show a tighter link (0.20) than the 3-year average (0.02). Over 5 years the correlation is 0.05, and the annualized covariance of weekly returns is 71.7 %².
Among the 4755 assets we track against QQQ, RAYA ranks #4395 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 124.1 percentage points (+26.3% for QQQ against -97.8% for RAYA). Risk is not evenly split, since RAYA carries 8.3 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 RAYA: side by side
| QQQ (Invesco QQQ Trust) | RAYA (Erayak Power Solution Group Inc. - Class A) | |
|---|---|---|
| 1-year return | +26.3% | -97.8% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 162.4% |
| Beta vs S&P 500 | 1.28 | 0.17 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | RAYA |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | -44.7% |
| 2024 | +25.6% | +23.6% |
| 2025 | +20.8% | -98.7% |
| 2026 | +17.7% | -94.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RAYA good diversifiers for each other?
Yes. With a correlation of 0.02, QQQ and RAYA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and RAYA?
The QQQ/RAYA correlation stands at 0.02 on a 3-year window (1 year: 0.20, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is RAYA a good diversifier for QQQ?
Yes. With a correlation of 0.02, QQQ and RAYA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.02 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/qqq-vs-raya.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-raya/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RAYA correlations
