QQQ vs RILY: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and BRC Group Holdings, Inc. (RILY) carry a correlation of 0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RILY?
On 3 years of weekly data the QQQ/RILY correlation comes out at 0.04, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.19 versus 0.04 over 3 years. The 5-year figure is 0.16, and annualized covariance runs at 92.0 %².
Among the 4755 assets we track against QQQ, RILY ranks #4275 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +26.7% for RILY. Risk is not evenly split, since RILY carries 6.1 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 RILY: side by side
| QQQ (Invesco QQQ Trust) | RILY (BRC Group Holdings, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +26.7% |
| 5-year return | +95.4% | -85.6% |
| Volatility (ann.) | 19.6% | 119.9% |
| Beta vs S&P 500 | 1.28 | 0.85 |
| Max drawdown (3Y) | -22.8% | -94.1% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 0.6 |
| 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 | RILY |
|---|---|---|
| 2022 | -32.6% | -58.4% |
| 2023 | +54.9% | -30.8% |
| 2024 | +25.6% | -77.3% |
| 2025 | +20.8% | +1.7% |
| 2026 | +17.7% | +52.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RILY good diversifiers for each other?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and RILY?
The QQQ/RILY correlation stands at 0.04 on a 3-year window (1 year: 0.19, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is RILY a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
What does a correlation of 0.04 mean?
A reading of 0.04 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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[](https://www.pairbook.io/pair/qqq-vs-rily/)
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Related comparisons
Hubs: QQQ correlations · RILY correlations
