QQQ vs RH: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and RH (RH) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RH?
On 3 years of weekly data the QQQ/RH correlation comes out at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.46 over 3 years. The 5-year figure is 0.53, and annualized covariance runs at 609.1 %².
By 3-year correlation, RH places #387 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 62.8 percentage points, +26.3% for QQQ against -36.5% for RH. Note the risk asymmetry: RH runs 3.4 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 RH: side by side
| QQQ (Invesco QQQ Trust) | RH (RH) | |
|---|---|---|
| 1-year return | +26.3% | -36.5% |
| 5-year return | +95.4% | -79.8% |
| Volatility (ann.) | 19.6% | 67.4% |
| Beta vs S&P 500 | 1.28 | 2.60 |
| Max drawdown (3Y) | -22.8% | -75.2% |
| Market cap | – | $2.7B |
| P/E (trailing) | – | 28.7 |
| 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 | RH |
|---|---|---|
| 2022 | -32.6% | -50.1% |
| 2023 | +54.9% | +9.1% |
| 2024 | +25.6% | +35.0% |
| 2025 | +20.8% | -54.5% |
| 2026 | +17.7% | -19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RH?
The QQQ/RH correlation stands at 0.46 on a 3-year window (1 year: 0.25, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is RH a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-rh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RH correlations
