QQQ vs RLMD: Correlation
Invesco QQQ Trust (QQQ) and Relmada Therapeutics, Inc. (RLMD) show a weak relationship: their 3-year correlation of weekly returns is 0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RLMD?
Over the past 3 years, QQQ and RLMD moved with a correlation of 0.16, which is weak. The relationship has been stable: the 1-year correlation (0.08) sits close to the 3-year figure. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 431.7 %².
Among the 4755 assets we track against QQQ, RLMD ranks #3283 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RLMD outperformed by 548.3 percentage points (+26.3% for QQQ against +574.6% for RLMD). Note the risk asymmetry: RLMD runs 6.8 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 RLMD: side by side
| QQQ (Invesco QQQ Trust) | RLMD (Relmada Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +574.6% |
| 5-year return | +95.4% | -81.0% |
| Volatility (ann.) | 19.6% | 134.2% |
| Beta vs S&P 500 | 1.28 | 1.62 |
| Max drawdown (3Y) | -22.8% | -96.3% |
| Market cap | – | $0.5B |
| 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 |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RLMD |
|---|---|---|
| 2022 | -32.6% | -84.5% |
| 2023 | +54.9% | +18.6% |
| 2024 | +25.6% | -87.4% |
| 2025 | +20.8% | +828.8% |
| 2026 | +17.7% | -6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RLMD good diversifiers for each other?
Yes. With a correlation of 0.16, QQQ and RLMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and RLMD?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with 0.08 over the last year and 0.19 over 5 years.
Is RLMD a good diversifier for QQQ?
Yes. With a correlation of 0.16, QQQ and RLMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.16 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-rlmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rlmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RLMD correlations
