QQQ vs REI: Correlation
How closely do Invesco QQQ Trust (QQQ) and Ring Energy, Inc. (REI) trade together? Their weekly returns over three years give a correlation of 0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and REI?
Over the past 3 years, QQQ and REI moved with a correlation of 0.03, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.14) runs below the 3-year figure (0.03). Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 29.0 %².
By 3-year correlation, REI places #4334 of the 4755 assets tracked against QQQ. The trailing year gives REI the advantage: +26.3% versus +33.6%, a 7.3-point spread. Note the risk asymmetry: REI runs 2.8 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 REI: side by side
| QQQ (Invesco QQQ Trust) | REI (Ring Energy, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +33.6% |
| 5-year return | +95.4% | -36.4% |
| Volatility (ann.) | 19.6% | 54.5% |
| Beta vs S&P 500 | 1.28 | 0.37 |
| Max drawdown (3Y) | -22.8% | -65.6% |
| 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 |
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 | REI |
|---|---|---|
| 2022 | -32.6% | +7.9% |
| 2023 | +54.9% | -40.7% |
| 2024 | +25.6% | -6.8% |
| 2025 | +20.8% | -36.0% |
| 2026 | +17.7% | +69.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and REI good diversifiers for each other?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and REI?
Using weekly returns as of 2026-08-27: 0.03 over 3 years, with -0.14 over the last year and 0.10 over 5 years.
Is REI a good diversifier for QQQ?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.03 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: QQQ correlations · REI correlations
