QQQ vs RIVN: Correlation
Invesco QQQ Trust (QQQ) and Rivian Automotive, Inc. (RIVN) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RIVN?
Across a 3-year window, the weekly returns of QQQ and RIVN correlate at 0.24, weak. Recent behaviour matches the longer record: 0.14 over 1 year against 0.24 over 3. Stretching to 5 years gives 0.42, with an annualized covariance of 316.4 %².
By 3-year correlation, RIVN places #2308 of the 4755 assets tracked against QQQ. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +27.1% for RIVN. Note the risk asymmetry: RIVN runs 3.4 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 RIVN: side by side
| QQQ (Invesco QQQ Trust) | RIVN (Rivian Automotive, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +27.1% |
| 5-year return | +95.4% | -83.3% |
| Volatility (ann.) | 19.6% | 66.9% |
| Beta vs S&P 500 | 1.28 | 1.19 |
| Max drawdown (3Y) | -22.8% | -65.5% |
| Market cap | – | $24.3B |
| 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 |
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 | RIVN |
|---|---|---|
| 2022 | -32.6% | -82.2% |
| 2023 | +54.9% | +27.3% |
| 2024 | +25.6% | -43.3% |
| 2025 | +20.8% | +48.2% |
| 2026 | +17.7% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RIVN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RIVN?
As of 2026-08-27, the correlation of weekly returns between QQQ and RIVN is 0.24 over 3 years, 0.14 over 1 year and 0.42 over 5 years.
Is RIVN a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: QQQ correlations · RIVN correlations
