QQQ vs RCON: Correlation
How closely do Invesco QQQ Trust (QQQ) and Recon Technology, Ltd. - Class A (RCON) trade together? Their weekly returns over three years give a correlation of 0.01, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RCON?
Across a 3-year window, the weekly returns of QQQ and RCON correlate at 0.01, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.02 over 1 year against 0.01 over 3. Stretching to 5 years gives 0.02, with an annualized covariance of 3940.8 %².
By 3-year correlation, RCON places #4442 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 48.9 percentage points (+26.3% for QQQ against -22.6% for RCON). Note the risk asymmetry: RCON runs 700.5 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 RCON: side by side
| QQQ (Invesco QQQ Trust) | RCON (Recon Technology, Ltd. - Class A) | |
|---|---|---|
| 1-year return | +26.3% | -22.6% |
| 5-year return | +95.4% | -97.1% |
| Volatility (ann.) | 19.6% | 13728.9% |
| Beta vs S&P 500 | 1.28 | 22.04 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | – |
| 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, 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 | RCON |
|---|---|---|
| 2022 | -32.6% | -3.8% |
| 2023 | +54.9% | -81.7% |
| 2024 | +25.6% | -49.5% |
| 2025 | +20.8% | -24.4% |
| 2026 | +17.7% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RCON good diversifiers for each other?
Yes. With a correlation of 0.01, QQQ and RCON have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and RCON?
Using weekly returns as of 2026-08-27: 0.01 over 3 years, with 0.02 over the last year and 0.02 over 5 years.
Is RCON a good diversifier for QQQ?
Yes. With a correlation of 0.01, QQQ and RCON have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.01 mean?
On the −1 to +1 scale, 0.01 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-rcon.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rcon/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · RCON correlations
