QQQ vs REZI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Resideo Technologies, Inc. (REZI) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and REZI?
On 3 years of weekly data the QQQ/REZI correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.39 over 3. The 5-year figure is 0.45, and annualized covariance runs at 375.0 %².
By 3-year correlation, REZI places #714 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 43.6 percentage points (+26.3% for QQQ against -17.3% for REZI). Note the risk asymmetry: REZI runs 2.5 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 REZI: side by side
| QQQ (Invesco QQQ Trust) | REZI (Resideo Technologies, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -17.3% |
| 5-year return | +95.4% | -11.7% |
| Volatility (ann.) | 19.6% | 48.9% |
| Beta vs S&P 500 | 1.28 | 1.58 |
| Max drawdown (3Y) | -22.8% | -47.1% |
| Market cap | – | $3.0B |
| P/E (trailing) | – | 7.8 |
| 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 | REZI |
|---|---|---|
| 2022 | -32.6% | -36.8% |
| 2023 | +54.9% | +14.4% |
| 2024 | +25.6% | +22.5% |
| 2025 | +20.8% | +52.4% |
| 2026 | +17.7% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and REZI good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and REZI?
The QQQ/REZI correlation stands at 0.39 on a 3-year window (1 year: 0.40, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is REZI a good diversifier for QQQ?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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-rezi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rezi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · REZI correlations
