QQQ vs RLJ: Correlation
Invesco QQQ Trust (QQQ) and RLJ Lodging Trust (RLJ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RLJ?
Across a 3-year window, the weekly returns of QQQ and RLJ correlate at 0.30, moderate. The past 12 months show a weaker link (-0.15) than the 3-year average (0.30). Stretching to 5 years gives 0.43, with an annualized covariance of 156.8 %².
Within QQQ's tracked universe of 4755 assets, RLJ comes in at #1525 by 3-year correlation. The last year tells two different stories: RLJ led by 30.5 percentage points, +26.3% for QQQ against +56.8% for RLJ.
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 RLJ: side by side
| QQQ (Invesco QQQ Trust) | RLJ (RLJ Lodging Trust) | |
|---|---|---|
| 1-year return | +26.3% | +56.8% |
| 5-year return | +95.4% | -2.6% |
| Volatility (ann.) | 19.6% | 27.0% |
| Beta vs S&P 500 | 1.28 | 0.76 |
| Max drawdown (3Y) | -22.8% | -44.2% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 1138.0 |
| Dividend yield | 0.44% | 5.24% |
| 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 | RLJ |
|---|---|---|
| 2022 | -32.6% | -23.1% |
| 2023 | +54.9% | +14.6% |
| 2024 | +25.6% | -8.4% |
| 2025 | +20.8% | -21.0% |
| 2026 | +17.7% | +57.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RLJ good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RLJ?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with -0.15 over the last year and 0.43 over 5 years.
Is RLJ a good diversifier for QQQ?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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-rlj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rlj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RLJ correlations
