QQQ vs RKT: Correlation
Invesco QQQ Trust (QQQ) and Rocket Companies, Inc. (RKT) 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 RKT?
Across a 3-year window, the weekly returns of QQQ and RKT correlate at 0.24, weak. Lately the two have moved closer together, with the 1-year correlation at 0.44 versus 0.24 over 3 years. Stretching to 5 years gives 0.39, with an annualized covariance of 259.3 %².
Among the 4755 assets we track against QQQ, RKT ranks #2310 by 3-year correlation. The last year tells two different stories: QQQ led by 47.5 percentage points, +26.3% for QQQ against -21.2% for RKT. Risk is not evenly split, since RKT carries 2.8 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 RKT: side by side
| QQQ (Invesco QQQ Trust) | RKT (Rocket Companies, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -21.2% |
| 5-year return | +95.4% | -7.5% |
| Volatility (ann.) | 19.6% | 55.4% |
| Beta vs S&P 500 | 1.28 | 1.02 |
| Max drawdown (3Y) | -22.8% | -50.6% |
| Market cap | – | $40.3B |
| 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 |
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 | RKT |
|---|---|---|
| 2022 | -32.6% | -46.2% |
| 2023 | +54.9% | +106.9% |
| 2024 | +25.6% | -22.2% |
| 2025 | +20.8% | +81.7% |
| 2026 | +17.7% | -26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RKT good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RKT?
The QQQ/RKT correlation stands at 0.24 on a 3-year window (1 year: 0.44, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is RKT a good diversifier for QQQ?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-rkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RKT correlations
