QQQ vs RGT: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Royce Global Trust, Inc. (RGT) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RGT?
Across a 3-year window, the weekly returns of QQQ and RGT correlate at 0.70, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 231.6 %².
Among the 4755 assets we track against QQQ, RGT ranks #62 by 3-year correlation. Neither side won the trailing year by much: +26.3% against +24.1%.
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 RGT: side by side
| QQQ (Invesco QQQ Trust) | RGT (Royce Global Trust, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +24.1% |
| 5-year return | +95.4% | +25.5% |
| Volatility (ann.) | 19.6% | 17.0% |
| Beta vs S&P 500 | 1.28 | 0.91 |
| Max drawdown (3Y) | -22.8% | -19.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 5.4 |
| 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 | RGT |
|---|---|---|
| 2022 | -32.6% | -33.1% |
| 2023 | +54.9% | +14.6% |
| 2024 | +25.6% | +14.4% |
| 2025 | +20.8% | +24.1% |
| 2026 | +17.7% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RGT good diversifiers for each other?
Only partially. A correlation of 0.70 means QQQ and RGT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QQQ and RGT?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.64 over the last year and 0.72 over 5 years.
Is RGT a good diversifier for QQQ?
Only partially. A correlation of 0.70 means QQQ and RGT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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 · RGT correlations
