QQQ vs RIG: Correlation
How closely do Invesco QQQ Trust (QQQ) and Transocean Ltd (Switzerland) (RIG) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RIG?
Across a 3-year window, the weekly returns of QQQ and RIG correlate at 0.18, weak. The link has loosened recently: the 1-year correlation (-0.07) runs below the 3-year figure (0.18). Stretching to 5 years gives 0.22, with an annualized covariance of 181.2 %².
Within QQQ's tracked universe of 4755 assets, RIG comes in at #3087 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RIG outperformed by 54.8 percentage points (+26.3% for QQQ against +81.1% for RIG). Risk is not evenly split, since RIG carries 2.6 times the volatility of the other side.
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 RIG: side by side
| QQQ (Invesco QQQ Trust) | RIG (Transocean Ltd (Switzerland)) | |
|---|---|---|
| 1-year return | +26.3% | +81.1% |
| 5-year return | +95.4% | +61.7% |
| Volatility (ann.) | 19.6% | 51.9% |
| Beta vs S&P 500 | 1.28 | 0.93 |
| Max drawdown (3Y) | -22.8% | -75.5% |
| Market cap | – | $6.4B |
| 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 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 | RIG |
|---|---|---|
| 2022 | -32.6% | +65.2% |
| 2023 | +54.9% | +39.3% |
| 2024 | +25.6% | -40.9% |
| 2025 | +20.8% | +10.1% |
| 2026 | +17.7% | +39.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RIG good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and RIG?
As of 2026-08-27, the correlation of weekly returns between QQQ and RIG is 0.18 over 3 years, -0.07 over 1 year and 0.22 over 5 years.
Is RIG a good diversifier for QQQ?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
A reading of 0.18 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-rig.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rig/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RIG correlations
