QQQ vs RIGL: Correlation
Invesco QQQ Trust (QQQ) and Rigel Pharmaceuticals, Inc. (RIGL) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RIGL?
On 3 years of weekly data the QQQ/RIGL correlation comes out at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.28 over 3 years. The 5-year figure is 0.17, and annualized covariance runs at 426.8 %².
Among the 4755 assets we track against QQQ, RIGL ranks #1766 by 3-year correlation. On 12-month performance QQQ holds a 8.4-point edge, +26.3% against +17.9%. Note the risk asymmetry: RIGL runs 3.9 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 RIGL: side by side
| QQQ (Invesco QQQ Trust) | RIGL (Rigel Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +17.9% |
| 5-year return | +95.4% | +23.3% |
| Volatility (ann.) | 19.6% | 76.9% |
| Beta vs S&P 500 | 1.28 | 1.98 |
| Max drawdown (3Y) | -22.8% | -50.8% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 2.8 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RIGL |
|---|---|---|
| 2022 | -32.6% | -43.4% |
| 2023 | +54.9% | -3.3% |
| 2024 | +25.6% | +16.0% |
| 2025 | +20.8% | +154.6% |
| 2026 | +17.7% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RIGL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RIGL?
As of 2026-08-27, the correlation of weekly returns between QQQ and RIGL is 0.28 over 3 years, 0.14 over 1 year and 0.17 over 5 years.
Is RIGL a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · RIGL correlations
