QQQ vs RKLB: Correlation
Invesco QQQ Trust (QQQ) and Rocket Lab Corporation (RKLB) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RKLB?
Across a 3-year window, the weekly returns of QQQ and RKLB correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 736.1 %².
Among the 4755 assets we track against QQQ, RKLB ranks #454 by 3-year correlation. The last year tells two different stories: RKLB led by 19.7 percentage points, +26.3% for QQQ against +46.0% for RKLB. Risk is not evenly split, since RKLB carries 4.4 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 RKLB: side by side
| QQQ (Invesco QQQ Trust) | RKLB (Rocket Lab Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +46.0% |
| 5-year return | +95.4% | +573.3% |
| Volatility (ann.) | 19.6% | 85.6% |
| Beta vs S&P 500 | 1.28 | 2.58 |
| Max drawdown (3Y) | -22.8% | -61.0% |
| Market cap | – | $43.2B |
| 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 | RKLB |
|---|---|---|
| 2022 | -32.6% | -69.3% |
| 2023 | +54.9% | +46.7% |
| 2024 | +25.6% | +360.6% |
| 2025 | +20.8% | +173.9% |
| 2026 | +17.7% | -3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQ holds RKLB at a 0.17% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are QQQ and RKLB good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RKLB?
As of 2026-08-27, the correlation of weekly returns between QQQ and RKLB is 0.44 over 3 years, 0.53 over 1 year and 0.46 over 5 years.
Is RKLB a good diversifier for QQQ?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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.
Use this data
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Related comparisons
Hubs: QQQ correlations · RKLB correlations
