QQQ vs RELY: Correlation
Invesco QQQ Trust (QQQ) and Remitly Global, Inc. (RELY) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RELY?
Over the past 3 years, QQQ and RELY moved with a correlation of 0.24, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.41 versus 0.24 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 250.5 %².
Within QQQ's tracked universe of 4755 assets, RELY comes in at #2306 by 3-year correlation. The trailing year gives RELY the advantage: +26.3% versus +41.3%, a 15.0-point spread. One caveat on sizing: RELY is 2.7 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 RELY: side by side
| QQQ (Invesco QQQ Trust) | RELY (Remitly Global, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +41.3% |
| 5-year return | +95.4% | -46.4% |
| Volatility (ann.) | 19.6% | 52.6% |
| Beta vs S&P 500 | 1.28 | 0.90 |
| Max drawdown (3Y) | -22.8% | -57.9% |
| Market cap | – | $5.5B |
| P/E (trailing) | – | 18.6 |
| 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 | RELY |
|---|---|---|
| 2022 | -32.6% | -44.5% |
| 2023 | +54.9% | +69.6% |
| 2024 | +25.6% | +16.2% |
| 2025 | +20.8% | -38.9% |
| 2026 | +17.7% | +88.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RELY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RELY?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.41 over the last year and 0.31 over 5 years.
Is RELY a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 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-rely.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rely/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RELY correlations
