QQQ vs RGR: Correlation
How closely do Invesco QQQ Trust (QQQ) and Sturm, Ruger & Company, Inc. (RGR) trade together? Their weekly returns over three years give a correlation of 0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RGR?
Across a 3-year window, the weekly returns of QQQ and RGR correlate at 0.02, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.15 versus 0.02 over 3 years. Stretching to 5 years gives 0.16, with an annualized covariance of 13.7 %².
By 3-year correlation, RGR places #4396 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 17.0 percentage points, +26.3% for QQQ against +9.3% for RGR. Note the risk asymmetry: RGR runs 1.5 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 RGR: side by side
| QQQ (Invesco QQQ Trust) | RGR (Sturm, Ruger & Company, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +9.3% |
| 5-year return | +95.4% | -41.2% |
| Volatility (ann.) | 19.6% | 29.8% |
| Beta vs S&P 500 | 1.28 | 0.09 |
| Max drawdown (3Y) | -22.8% | -46.0% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 51.7 |
| Dividend yield | 0.44% | 1.15% |
| 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 | RGR |
|---|---|---|
| 2022 | -32.6% | -15.4% |
| 2023 | +54.9% | -8.0% |
| 2024 | +25.6% | -20.9% |
| 2025 | +20.8% | -6.1% |
| 2026 | +17.7% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RGR good diversifiers for each other?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and RGR?
Using weekly returns as of 2026-08-27: 0.02 over 3 years, with 0.15 over the last year and 0.16 over 5 years.
Is RGR a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
What does a correlation of 0.02 mean?
A reading of 0.02 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-rgr.json
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Related comparisons
Hubs: QQQ correlations · RGR correlations
