QQQ vs RLI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and RLI Corp. (RLI) carry a correlation of -0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RLI?
Over the past 3 years, QQQ and RLI moved with a correlation of -0.04, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.26) runs below the 3-year figure (-0.04). Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is -15.9 %².
Among the 4755 assets we track against QQQ, RLI ranks #4606 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 24.4 points (+26.3% versus +1.9%).
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 RLI: side by side
| QQQ (Invesco QQQ Trust) | RLI (RLI Corp.) | |
|---|---|---|
| 1-year return | +26.3% | +1.9% |
| 5-year return | +95.4% | +46.7% |
| Volatility (ann.) | 19.6% | 22.2% |
| Beta vs S&P 500 | 1.28 | 0.18 |
| Max drawdown (3Y) | -22.8% | -43.5% |
| Market cap | – | $5.9B |
| P/E (trailing) | – | 13.5 |
| Dividend yield | 0.44% | 1.02% |
| 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 | RLI |
|---|---|---|
| 2022 | -32.6% | +24.8% |
| 2023 | +54.9% | +3.8% |
| 2024 | +25.6% | +27.6% |
| 2025 | +20.8% | -19.1% |
| 2026 | +17.7% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RLI good diversifiers for each other?
Yes. With a correlation of -0.04, QQQ and RLI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and RLI?
The QQQ/RLI correlation stands at -0.04 on a 3-year window (1 year: -0.26, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is RLI a good diversifier for QQQ?
Yes. With a correlation of -0.04, QQQ and RLI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.04 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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[](https://www.pairbook.io/pair/qqq-vs-rli/)
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Related comparisons
Hubs: QQQ correlations · RLI correlations
