QQQ vs RL: Correlation
Invesco QQQ Trust (QQQ) and Ralph Lauren Corporation (RL) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RL?
Over the past 3 years, QQQ and RL moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 261.8 %².
Within QQQ's tracked universe of 4755 assets, RL comes in at #634 by 3-year correlation. On 12-month performance QQQ holds a 5.6-point edge, +26.3% against +20.7%. Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.60. Risk is not evenly split, since RL carries 1.7 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 RL: side by side
| QQQ (Invesco QQQ Trust) | RL (Ralph Lauren Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +20.7% |
| 5-year return | +95.4% | +232.5% |
| Volatility (ann.) | 19.6% | 33.6% |
| Beta vs S&P 500 | 1.28 | 1.07 |
| Max drawdown (3Y) | -22.8% | -36.2% |
| Market cap | – | $21.0B |
| P/E (trailing) | – | 22.8 |
| Dividend yield | 0.44% | 1.03% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Consumer Discretionary |
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 | RL |
|---|---|---|
| 2022 | -32.6% | -8.4% |
| 2023 | +54.9% | +39.8% |
| 2024 | +25.6% | +62.9% |
| 2025 | +20.8% | +55.0% |
| 2026 | +17.7% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RL?
As of 2026-08-27, the correlation of weekly returns between QQQ and RL is 0.40 over 3 years, 0.32 over 1 year and 0.49 over 5 years.
Is RL a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-rl.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: QQQ correlations · RL correlations
