QQQ vs RKTO: Correlation
Invesco QQQ Trust (QQQ) and Rocket One Inc. (RKTO) show a near-zero relationship: their 3-year correlation of weekly returns is 0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RKTO?
Over the past 3 years, QQQ and RKTO moved with a correlation of 0.06, which is near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.23) runs above the 3-year figure (0.06). Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is 146.7 %².
Among the 4755 assets we track against QQQ, RKTO ranks #4131 by 3-year correlation. The last year tells two different stories: QQQ led by 66.6 percentage points, +26.3% for QQQ against -40.3% for RKTO. One caveat on sizing: RKTO is 6.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RKTO: side by side
| QQQ (Invesco QQQ Trust) | RKTO (Rocket One Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -40.3% |
| 5-year return | +95.4% | -97.7% |
| Volatility (ann.) | 19.6% | 135.8% |
| Beta vs S&P 500 | 1.28 | 0.30 |
| Max drawdown (3Y) | -22.8% | -81.1% |
| Market cap | – | – |
| 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 | RKTO |
|---|---|---|
| 2022 | -32.6% | -52.7% |
| 2023 | +54.9% | -81.5% |
| 2024 | +25.6% | -48.1% |
| 2025 | +20.8% | +32.4% |
| 2026 | +17.7% | -27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RKTO good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and RKTO?
The QQQ/RKTO correlation stands at 0.06 on a 3-year window (1 year: 0.23, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is RKTO a good diversifier for QQQ?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.06 mean?
A reading of 0.06 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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Related comparisons
Hubs: QQQ correlations · RKTO correlations
