QQQ vs RGTI: Correlation
How closely do Invesco QQQ Trust (QQQ) and Rigetti Computing, Inc. (RGTI) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RGTI?
On 3 years of weekly data the QQQ/RGTI correlation comes out at 0.32, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.49 versus 0.32 over 3 years. The 5-year figure is 0.28, and annualized covariance runs at 803.9 %².
Among the 4755 assets we track against QQQ, RGTI ranks #1332 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 19.5 percentage points (+26.3% for QQQ against +6.8% for RGTI). Note the risk asymmetry: RGTI runs 6.6 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 RGTI: side by side
| QQQ (Invesco QQQ Trust) | RGTI (Rigetti Computing, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +6.8% |
| 5-year return | +95.4% | +69.5% |
| Volatility (ann.) | 19.6% | 129.7% |
| Beta vs S&P 500 | 1.28 | 2.64 |
| Max drawdown (3Y) | -22.8% | -77.1% |
| Market cap | – | $5.5B |
| P/E (trailing) | – | – |
| 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 | RGTI |
|---|---|---|
| 2022 | -32.6% | -92.9% |
| 2023 | +54.9% | +35.1% |
| 2024 | +25.6% | +1449.2% |
| 2025 | +20.8% | +45.2% |
| 2026 | +17.7% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RGTI good diversifiers for each other?
Reasonably. At 0.32, QQQ and RGTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and RGTI?
The QQQ/RGTI correlation stands at 0.32 on a 3-year window (1 year: 0.49, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is RGTI a good diversifier for QQQ?
Reasonably. At 0.32, QQQ and RGTI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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 · RGTI correlations
