QQQ vs RIO: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Rio Tinto Plc (RIO) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RIO?
On 3 years of weekly data the QQQ/RIO correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 183.6 %².
Within QQQ's tracked universe of 4755 assets, RIO comes in at #866 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RIO outperformed by 50.9 percentage points (+26.3% for QQQ against +77.2% for RIO).
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 RIO: side by side
| QQQ (Invesco QQQ Trust) | RIO (Rio Tinto Plc) | |
|---|---|---|
| 1-year return | +26.3% | +77.2% |
| 5-year return | +95.4% | +94.8% |
| Volatility (ann.) | 19.6% | 25.1% |
| Beta vs S&P 500 | 1.28 | 0.70 |
| Max drawdown (3Y) | -22.8% | -24.2% |
| Market cap | – | $170.4B |
| P/E (trailing) | – | 14.2 |
| Dividend yield | 0.44% | 4.44% |
| 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 | RIO |
|---|---|---|
| 2022 | -32.6% | +18.5% |
| 2023 | +54.9% | +11.1% |
| 2024 | +25.6% | -15.4% |
| 2025 | +20.8% | +44.5% |
| 2026 | +17.7% | +37.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RIO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RIO?
As of 2026-08-27, the correlation of weekly returns between QQQ and RIO is 0.37 over 3 years, 0.32 over 1 year and 0.37 over 5 years.
Is RIO a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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-rio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RIO correlations
