QQQ vs RFIL: Correlation
Invesco QQQ Trust (QQQ) and RF Industries, Ltd. (RFIL) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RFIL?
Over the past 3 years, QQQ and RFIL moved with a correlation of 0.15, which is weak. Little has changed lately, as the 1-year reading of 0.12 lands near the 3-year figure. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 198.1 %².
By 3-year correlation, RFIL places #3389 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with RFIL ahead by 21.1 points (+26.3% versus +47.4%). Risk is not evenly split, since RFIL carries 3.5 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 RFIL: side by side
| QQQ (Invesco QQQ Trust) | RFIL (RF Industries, Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | +47.4% |
| 5-year return | +95.4% | +32.3% |
| Volatility (ann.) | 19.6% | 67.8% |
| Beta vs S&P 500 | 1.28 | 0.66 |
| Max drawdown (3Y) | -22.8% | -50.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 83.5 |
| 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 | RFIL |
|---|---|---|
| 2022 | -32.6% | -35.8% |
| 2023 | +54.9% | -40.9% |
| 2024 | +25.6% | +28.6% |
| 2025 | +20.8% | +47.8% |
| 2026 | +17.7% | +87.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RFIL good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and RFIL?
Using weekly returns as of 2026-08-27: 0.15 over 3 years, with 0.12 over the last year and 0.19 over 5 years.
Is RFIL a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 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.
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Related comparisons
Hubs: QQQ correlations · RFIL correlations
