QQQ vs RCKY: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Rocky Brands, Inc. (RCKY) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RCKY?
On 3 years of weekly data the QQQ/RCKY correlation comes out at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.28 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 373.2 %².
Within QQQ's tracked universe of 4755 assets, RCKY comes in at #1765 by 3-year correlation. The last year tells two different stories: RCKY led by 24.0 percentage points, +26.3% for QQQ against +50.3% for RCKY. Note the risk asymmetry: RCKY runs 3.5 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 RCKY: side by side
| QQQ (Invesco QQQ Trust) | RCKY (Rocky Brands, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +50.3% |
| 5-year return | +95.4% | +0.6% |
| Volatility (ann.) | 19.6% | 68.1% |
| Beta vs S&P 500 | 1.28 | 1.66 |
| Max drawdown (3Y) | -22.8% | -68.0% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.44% | 1.40% |
| 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 | RCKY |
|---|---|---|
| 2022 | -32.6% | -39.5% |
| 2023 | +54.9% | +31.4% |
| 2024 | +25.6% | -22.8% |
| 2025 | +20.8% | +31.9% |
| 2026 | +17.7% | +55.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RCKY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RCKY?
As of 2026-08-27, the correlation of weekly returns between QQQ and RCKY is 0.28 over 3 years, 0.16 over 1 year and 0.30 over 5 years.
Is RCKY a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined 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-rcky.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rcky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RCKY correlations
