QQQ vs RCEL: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Avita Medical, Inc. (RCEL) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RCEL?
On 3 years of weekly data the QQQ/RCEL correlation comes out at 0.25, weak. The relationship has been stable: the 1-year correlation (0.15) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 438.0 %².
Within QQQ's tracked universe of 4755 assets, RCEL comes in at #2157 by 3-year correlation. The last year tells two different stories: RCEL led by 101.5 percentage points, +26.3% for QQQ against +127.8% for RCEL. Risk is not evenly split, since RCEL carries 4.6 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 RCEL: side by side
| QQQ (Invesco QQQ Trust) | RCEL (Avita Medical, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +127.8% |
| 5-year return | +95.4% | -48.7% |
| Volatility (ann.) | 19.6% | 91.0% |
| Beta vs S&P 500 | 1.28 | 2.01 |
| Max drawdown (3Y) | -22.8% | -82.1% |
| Market cap | – | $0.3B |
| 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 | RCEL |
|---|---|---|
| 2022 | -32.6% | -44.9% |
| 2023 | +54.9% | +107.9% |
| 2024 | +25.6% | -6.7% |
| 2025 | +20.8% | -73.0% |
| 2026 | +17.7% | +199.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RCEL good diversifiers for each other?
Reasonably. At 0.25, QQQ and RCEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and RCEL?
The QQQ/RCEL correlation stands at 0.25 on a 3-year window (1 year: 0.15, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is RCEL a good diversifier for QQQ?
Reasonably. At 0.25, QQQ and RCEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 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-rcel.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-rcel/)
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Related comparisons
Hubs: QQQ correlations · RCEL correlations
