QQQ vs RES: Correlation
How closely do Invesco QQQ Trust (QQQ) and RPC, Inc. (RES) trade together? Their weekly returns over three years give a correlation of 0.13, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RES?
Across a 3-year window, the weekly returns of QQQ and RES correlate at 0.13, weak. The link has loosened recently: the 1-year correlation (0.00) runs below the 3-year figure (0.13). Stretching to 5 years gives 0.10, with an annualized covariance of 108.6 %².
Within QQQ's tracked universe of 4755 assets, RES comes in at #3579 by 3-year correlation. Over the last 12 months RES came out ahead by 14.2 percentage points (+26.3% against +40.5%). Note the risk asymmetry: RES runs 2.3 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 RES: side by side
| QQQ (Invesco QQQ Trust) | RES (RPC, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +40.5% |
| 5-year return | +95.4% | +84.8% |
| Volatility (ann.) | 19.6% | 44.2% |
| Beta vs S&P 500 | 1.28 | 0.56 |
| Max drawdown (3Y) | -22.8% | -51.9% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | 58.2 |
| Dividend yield | 0.44% | 2.61% |
| 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 | RES |
|---|---|---|
| 2022 | -32.6% | +96.7% |
| 2023 | +54.9% | -16.4% |
| 2024 | +25.6% | -16.4% |
| 2025 | +20.8% | -5.5% |
| 2026 | +17.7% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RES good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and RES?
Using weekly returns as of 2026-08-27: 0.13 over 3 years, with 0.00 over the last year and 0.10 over 5 years.
Is RES a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-res.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-res/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RES correlations
