QQQ vs RHP: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Ryman Hospitality Properties, Inc. (REIT) (RHP) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RHP?
On 3 years of weekly data the QQQ/RHP correlation comes out at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.05 versus 0.30 over 3 years. The 5-year figure is 0.42, and annualized covariance runs at 138.2 %².
By 3-year correlation, RHP places #1524 of the 4755 assets tracked against QQQ. On 12-month performance RHP holds a 10.1-point edge, +26.3% against +36.4%.
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 RHP: side by side
| QQQ (Invesco QQQ Trust) | RHP (Ryman Hospitality Properties, Inc. (REIT)) | |
|---|---|---|
| 1-year return | +26.3% | +36.4% |
| 5-year return | +95.4% | +87.5% |
| Volatility (ann.) | 19.6% | 23.4% |
| Beta vs S&P 500 | 1.28 | 0.65 |
| Max drawdown (3Y) | -22.8% | -32.1% |
| Market cap | – | $8.9B |
| P/E (trailing) | – | 31.6 |
| Dividend yield | 0.44% | 3.64% |
| 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 | RHP |
|---|---|---|
| 2022 | -32.6% | -10.7% |
| 2023 | +54.9% | +40.4% |
| 2024 | +25.6% | -1.1% |
| 2025 | +20.8% | -4.8% |
| 2026 | +17.7% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RHP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RHP?
The QQQ/RHP correlation stands at 0.30 on a 3-year window (1 year: -0.05, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is RHP a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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-rhp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rhp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RHP correlations
