QQQ vs RBA: Correlation
How closely do Invesco QQQ Trust (QQQ) and RB Global, Inc. (RBA) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RBA?
Over the past 3 years, QQQ and RBA moved with a correlation of 0.29, which is weak. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.29). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 161.2 %².
By 3-year correlation, RBA places #1646 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 51.6 percentage points, +26.3% for QQQ against -25.3% for RBA.
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 RBA: side by side
| QQQ (Invesco QQQ Trust) | RBA (RB Global, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -25.3% |
| 5-year return | +95.4% | +48.6% |
| Volatility (ann.) | 19.6% | 28.2% |
| Beta vs S&P 500 | 1.28 | 0.69 |
| Max drawdown (3Y) | -22.8% | -30.9% |
| Market cap | – | $15.9B |
| P/E (trailing) | – | 36.9 |
| Dividend yield | 0.44% | 1.47% |
| 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 | RBA |
|---|---|---|
| 2022 | -32.6% | -3.9% |
| 2023 | +54.9% | +20.3% |
| 2024 | +25.6% | +36.8% |
| 2025 | +20.8% | +14.7% |
| 2026 | +17.7% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RBA good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RBA?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.02 over the last year and 0.24 over 5 years.
Is RBA a good diversifier for QQQ?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 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-rba.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rba/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RBA correlations
