QQQ vs RCKT: Correlation
Invesco QQQ Trust (QQQ) and Rocket Pharmaceuticals, Inc. (RCKT) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RCKT?
Over the past 3 years, QQQ and RCKT moved with a correlation of 0.28, which is weak. The link has tightened recently: the 1-year correlation (0.42) runs above the 3-year figure (0.28). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 438.4 %².
Among the 4755 assets we track against QQQ, RCKT ranks #1764 by 3-year correlation. The last year tells two different stories: QQQ led by 17.3 percentage points, +26.3% for QQQ against +9.0% for RCKT. Note the risk asymmetry: RCKT runs 4.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RCKT: side by side
| QQQ (Invesco QQQ Trust) | RCKT (Rocket Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +9.0% |
| 5-year return | +95.4% | -89.2% |
| Volatility (ann.) | 19.6% | 78.7% |
| Beta vs S&P 500 | 1.28 | 1.78 |
| Max drawdown (3Y) | -22.8% | -92.7% |
| Market cap | – | $0.4B |
| 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 |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RCKT |
|---|---|---|
| 2022 | -32.6% | -10.4% |
| 2023 | +54.9% | +53.1% |
| 2024 | +25.6% | -58.1% |
| 2025 | +20.8% | -72.1% |
| 2026 | +17.7% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RCKT good diversifiers for each other?
Reasonably. At 0.28, QQQ and RCKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and RCKT?
As of 2026-08-27, the correlation of weekly returns between QQQ and RCKT is 0.28 over 3 years, 0.42 over 1 year and 0.34 over 5 years.
Is RCKT a good diversifier for QQQ?
Reasonably. At 0.28, QQQ and RCKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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-rckt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rckt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RCKT correlations
