QQQ vs RBC: Correlation
Invesco QQQ Trust (QQQ) and RBC Bearings Incorporated (RBC) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RBC?
On 3 years of weekly data the QQQ/RBC correlation comes out at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.43 over 3 years. The 5-year figure is 0.48, and annualized covariance runs at 222.7 %².
Within QQQ's tracked universe of 4755 assets, RBC comes in at #492 by 3-year correlation. Neither side won the trailing year by much: +26.3% against +27.4%.
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 RBC: side by side
| QQQ (Invesco QQQ Trust) | RBC (RBC Bearings Incorporated) | |
|---|---|---|
| 1-year return | +26.3% | +27.4% |
| 5-year return | +95.4% | +128.1% |
| Volatility (ann.) | 19.6% | 26.5% |
| Beta vs S&P 500 | 1.28 | 0.87 |
| Max drawdown (3Y) | -22.8% | -23.6% |
| Market cap | – | $16.1B |
| P/E (trailing) | – | 50.7 |
| 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 | RBC |
|---|---|---|
| 2022 | -32.6% | +4.2% |
| 2023 | +54.9% | +36.1% |
| 2024 | +25.6% | +5.0% |
| 2025 | +20.8% | +49.9% |
| 2026 | +17.7% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RBC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RBC?
As of 2026-08-27, the correlation of weekly returns between QQQ and RBC is 0.43 over 3 years, 0.27 over 1 year and 0.48 over 5 years.
Is RBC a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · RBC correlations
