QQQ vs RDVT: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Red Violet, Inc. (RDVT) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RDVT?
Across a 3-year window, the weekly returns of QQQ and RDVT correlate at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 311.5 %².
Among the 4755 assets we track against QQQ, RDVT ranks #1040 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RDVT outperformed by 19.8 percentage points (+26.3% for QQQ against +46.1% for RDVT). One caveat on sizing: RDVT is 2.3 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 RDVT: side by side
| QQQ (Invesco QQQ Trust) | RDVT (Red Violet, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +46.1% |
| 5-year return | +95.4% | +153.0% |
| Volatility (ann.) | 19.6% | 45.1% |
| Beta vs S&P 500 | 1.28 | 1.12 |
| Max drawdown (3Y) | -22.8% | -42.1% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 63.2 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | RDVT |
|---|---|---|
| 2022 | -32.6% | -42.0% |
| 2023 | +54.9% | -13.2% |
| 2024 | +25.6% | +81.3% |
| 2025 | +20.8% | +58.6% |
| 2026 | +17.7% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RDVT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RDVT?
The QQQ/RDVT correlation stands at 0.35 on a 3-year window (1 year: 0.40, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is RDVT a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-rdvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rdvt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RDVT correlations
