QQQ vs RGP: Correlation
How closely do Invesco QQQ Trust (QQQ) and Resources Connection, Inc. (RGP) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RGP?
On 3 years of weekly data the QQQ/RGP correlation comes out at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.34 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 253.2 %².
By 3-year correlation, RGP places #1138 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 36.4 percentage points, +26.3% for QQQ against -10.1% for RGP. Risk is not evenly split, since RGP carries 2.0 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 RGP: side by side
| QQQ (Invesco QQQ Trust) | RGP (Resources Connection, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -10.1% |
| 5-year return | +95.4% | -66.0% |
| Volatility (ann.) | 19.6% | 38.4% |
| Beta vs S&P 500 | 1.28 | 1.20 |
| Max drawdown (3Y) | -22.8% | -74.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 6.67% |
| 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 | RGP |
|---|---|---|
| 2022 | -32.6% | +6.3% |
| 2023 | +54.9% | -20.1% |
| 2024 | +25.6% | -36.5% |
| 2025 | +20.8% | -37.3% |
| 2026 | +17.7% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RGP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RGP?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.19 over the last year and 0.34 over 5 years.
Is RGP a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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.
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Related comparisons
Hubs: QQQ correlations · RGP correlations
