QQQ vs RENT: Correlation
Invesco QQQ Trust (QQQ) and Rent the Runway, Inc. (RENT) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RENT?
On 3 years of weekly data the QQQ/RENT correlation comes out at 0.17, weak. Recent behaviour matches the longer record: 0.18 over 1 year against 0.17 over 3. The 5-year figure is 0.20, and annualized covariance runs at 698.1 %².
Among the 4755 assets we track against QQQ, RENT ranks #3191 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 62.1 points (+26.3% versus -35.8%). Risk is not evenly split, since RENT carries 10.8 times the volatility of the other side.
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 RENT: side by side
| QQQ (Invesco QQQ Trust) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -35.8% |
| 5-year return | +95.4% | -99.1% |
| Volatility (ann.) | 19.6% | 212.1% |
| Beta vs S&P 500 | 1.28 | 2.17 |
| Max drawdown (3Y) | -22.8% | -91.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 0.5 |
| 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 | RENT |
|---|---|---|
| 2022 | -32.6% | -62.6% |
| 2023 | +54.9% | -82.7% |
| 2024 | +25.6% | -19.5% |
| 2025 | +20.8% | -6.9% |
| 2026 | +17.7% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RENT good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and RENT?
As of 2026-08-27, the correlation of weekly returns between QQQ and RENT is 0.17 over 3 years, 0.18 over 1 year and 0.20 over 5 years.
Is RENT a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RENT correlations
