QQQ vs RDN: Correlation
Invesco QQQ Trust (QQQ) and Radian Group Inc. (RDN) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RDN?
Across a 3-year window, the weekly returns of QQQ and RDN correlate at 0.27, weak. The past 12 months show a weaker link (0.04) than the 3-year average (0.27). Stretching to 5 years gives 0.31, with an annualized covariance of 124.3 %².
By 3-year correlation, RDN places #1899 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 18.7 percentage points, +26.3% for QQQ against +7.6% for RDN.
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 RDN: side by side
| QQQ (Invesco QQQ Trust) | RDN (Radian Group Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +7.6% |
| 5-year return | +95.4% | +82.4% |
| Volatility (ann.) | 19.6% | 23.5% |
| Beta vs S&P 500 | 1.28 | 0.64 |
| Max drawdown (3Y) | -22.8% | -16.5% |
| Market cap | – | $4.8B |
| P/E (trailing) | – | 9.1 |
| Dividend yield | 0.44% | 2.77% |
| 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 | RDN |
|---|---|---|
| 2022 | -32.6% | -6.3% |
| 2023 | +54.9% | +55.3% |
| 2024 | +25.6% | +14.5% |
| 2025 | +20.8% | +16.9% |
| 2026 | +17.7% | +3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RDN good diversifiers for each other?
Reasonably. At 0.27, QQQ and RDN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and RDN?
As of 2026-08-27, the correlation of weekly returns between QQQ and RDN is 0.27 over 3 years, 0.04 over 1 year and 0.31 over 5 years.
Is RDN a good diversifier for QQQ?
Reasonably. At 0.27, QQQ and RDN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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-rdn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rdn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RDN correlations
