QQQ vs RC: Correlation
Invesco QQQ Trust (QQQ) and Ready Capital Corporation (RC) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RC?
Across a 3-year window, the weekly returns of QQQ and RC correlate at 0.35, moderate. The link has tightened recently: the 1-year correlation (0.45) runs above the 3-year figure (0.35). Stretching to 5 years gives 0.44, with an annualized covariance of 263.2 %².
By 3-year correlation, RC places #1039 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 80.3 percentage points (+26.3% for QQQ against -54.0% for RC). Risk is not evenly split, since RC carries 2.0 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 RC: side by side
| QQQ (Invesco QQQ Trust) | RC (Ready Capital Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -54.0% |
| 5-year return | +95.4% | -78.5% |
| Volatility (ann.) | 19.6% | 38.3% |
| Beta vs S&P 500 | 1.28 | 1.11 |
| Max drawdown (3Y) | -22.8% | -83.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 8.42% |
| 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 | RC |
|---|---|---|
| 2022 | -32.6% | -18.3% |
| 2023 | +54.9% | +5.9% |
| 2024 | +25.6% | -23.5% |
| 2025 | +20.8% | -65.0% |
| 2026 | +17.7% | -14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RC good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RC?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.45 over the last year and 0.44 over 5 years.
Is RC a good diversifier for QQQ?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 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-rc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-rc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RC correlations
