QQQ vs RCL: Correlation
How closely do Invesco QQQ Trust (QQQ) and Royal Caribbean Group (RCL) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RCL?
On 3 years of weekly data the QQQ/RCL correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.44 over 3 years. The 5-year figure is 0.48, and annualized covariance runs at 352.8 %².
By 3-year correlation, RCL places #453 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 45.6 percentage points, +26.3% for QQQ against -19.3% for RCL. The relationship is regime-dependent: the rolling one-year correlation swung between 0.14 and 0.66 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since RCL carries 2.1 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 RCL: side by side
| QQQ (Invesco QQQ Trust) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | +26.3% | -19.3% |
| 5-year return | +95.4% | +257.6% |
| Volatility (ann.) | 19.6% | 41.3% |
| Beta vs S&P 500 | 1.28 | 1.46 |
| Max drawdown (3Y) | -22.8% | -35.0% |
| Market cap | – | $76.2B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | 0.44% | 1.72% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Consumer Discretionary |
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 | RCL |
|---|---|---|
| 2022 | -32.6% | -35.7% |
| 2023 | +54.9% | +162.0% |
| 2024 | +25.6% | +79.0% |
| 2025 | +20.8% | +22.5% |
| 2026 | +17.7% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RCL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RCL?
The QQQ/RCL correlation stands at 0.44 on a 3-year window (1 year: 0.18, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is RCL a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RCL correlations
