QQQ vs RDIB: Correlation
Invesco QQQ Trust (QQQ) and Reading International Inc - Class B Voting (RDIB) show a weak relationship: their 3-year correlation of weekly returns is 0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RDIB?
On 3 years of weekly data the QQQ/RDIB correlation comes out at 0.10, weak. The relationship has been stable: the 1-year correlation (0.16) sits close to the 3-year figure. The 5-year figure is 0.11, and annualized covariance runs at 164.6 %².
Within QQQ's tracked universe of 4755 assets, RDIB comes in at #3855 by 3-year correlation. On 12-month performance QQQ holds a 13.5-point edge, +26.3% against +12.8%. One caveat on sizing: RDIB is 4.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RDIB: side by side
| QQQ (Invesco QQQ Trust) | RDIB (Reading International Inc - Class B Voting) | |
|---|---|---|
| 1-year return | +26.3% | +12.8% |
| 5-year return | +95.4% | -35.9% |
| Volatility (ann.) | 19.6% | 83.4% |
| Beta vs S&P 500 | 1.28 | 0.58 |
| Max drawdown (3Y) | -22.8% | -72.8% |
| 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 |
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 | RDIB |
|---|---|---|
| 2022 | -32.6% | -14.5% |
| 2023 | +54.9% | -29.1% |
| 2024 | +25.6% | -39.6% |
| 2025 | +20.8% | +36.5% |
| 2026 | +17.7% | +32.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RDIB good diversifiers for each other?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and RDIB?
As of 2026-08-27, the correlation of weekly returns between QQQ and RDIB is 0.10 over 3 years, 0.16 over 1 year and 0.11 over 5 years.
Is RDIB a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
What does a correlation of 0.10 mean?
A reading of 0.10 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-rdib.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rdib/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RDIB correlations
