QQQ vs RDWR: Correlation
Invesco QQQ Trust (QQQ) and Radware Ltd. (RDWR) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RDWR?
On 3 years of weekly data the QQQ/RDWR correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.25 over 1 year against 0.32 over 3. The 5-year figure is 0.41, and annualized covariance runs at 229.3 %².
Among the 4755 assets we track against QQQ, RDWR ranks #1329 by 3-year correlation. On 12-month performance QQQ holds a 11.4-point edge, +26.3% against +14.9%. One caveat on sizing: RDWR is 1.9 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 RDWR: side by side
| QQQ (Invesco QQQ Trust) | RDWR (Radware Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | +14.9% |
| 5-year return | +95.4% | -13.5% |
| Volatility (ann.) | 19.6% | 36.7% |
| Beta vs S&P 500 | 1.28 | 0.85 |
| Max drawdown (3Y) | -22.8% | -29.4% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 75.8 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RDWR |
|---|---|---|
| 2022 | -32.6% | -52.6% |
| 2023 | +54.9% | -15.5% |
| 2024 | +25.6% | +35.1% |
| 2025 | +20.8% | +6.9% |
| 2026 | +17.7% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RDWR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RDWR?
As of 2026-08-27, the correlation of weekly returns between QQQ and RDWR is 0.32 over 3 years, 0.25 over 1 year and 0.41 over 5 years.
Is RDWR a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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-rdwr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rdwr/)
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Related comparisons
Hubs: QQQ correlations · RDWR correlations
