QQQ vs RBKB: Correlation
How closely do Invesco QQQ Trust (QQQ) and Rhinebeck Bancorp, Inc. (RBKB) trade together? Their weekly returns over three years give a correlation of 0.01, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RBKB?
On 3 years of weekly data the QQQ/RBKB correlation comes out at 0.01, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.08 lands near the 3-year figure. The 5-year figure is 0.03, and annualized covariance runs at 7.0 %².
Within QQQ's tracked universe of 4755 assets, RBKB comes in at #4441 by 3-year correlation. The trailing year gives RBKB the advantage: +26.3% versus +31.5%, a 5.2-point spread. Risk is not evenly split, since RBKB carries 1.5 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 RBKB: side by side
| QQQ (Invesco QQQ Trust) | RBKB (Rhinebeck Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +31.5% |
| 5-year return | +95.4% | +64.9% |
| Volatility (ann.) | 19.6% | 29.5% |
| Beta vs S&P 500 | 1.28 | 0.08 |
| Max drawdown (3Y) | -22.8% | -30.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 14.0 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RBKB |
|---|---|---|
| 2022 | -32.6% | -14.5% |
| 2023 | +54.9% | -11.6% |
| 2024 | +25.6% | +20.1% |
| 2025 | +20.8% | +24.3% |
| 2026 | +17.7% | +46.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RBKB good diversifiers for each other?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and RBKB?
As of 2026-08-27, the correlation of weekly returns between QQQ and RBKB is 0.01 over 3 years, -0.08 over 1 year and 0.03 over 5 years.
Is RBKB a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
What does a correlation of 0.01 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-rbkb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rbkb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RBKB correlations
