QQQ vs RLGT: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Radiant Logistics, Inc. (RLGT) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RLGT?
Across a 3-year window, the weekly returns of QQQ and RLGT correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.38 over 3 years. Stretching to 5 years gives 0.38, with an annualized covariance of 231.8 %².
By 3-year correlation, RLGT places #792 of the 4755 assets tracked against QQQ. Over the last 12 months RLGT came out ahead by 8.5 percentage points (+26.3% against +34.8%). Note the risk asymmetry: RLGT runs 1.6 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 RLGT: side by side
| QQQ (Invesco QQQ Trust) | RLGT (Radiant Logistics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +34.8% |
| 5-year return | +95.4% | +31.8% |
| Volatility (ann.) | 19.6% | 31.1% |
| Beta vs S&P 500 | 1.28 | 0.98 |
| Max drawdown (3Y) | -22.8% | -29.3% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 25.6 |
| 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 | RLGT |
|---|---|---|
| 2022 | -32.6% | -30.2% |
| 2023 | +54.9% | +30.5% |
| 2024 | +25.6% | +0.9% |
| 2025 | +20.8% | -5.5% |
| 2026 | +17.7% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RLGT good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RLGT?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.26 over the last year and 0.38 over 5 years.
Is RLGT a good diversifier for QQQ?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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-rlgt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rlgt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · RLGT correlations
