QQQ vs RMBI: Correlation
How closely do Invesco QQQ Trust (QQQ) and Richmond Mutual Bancorporation, Inc. (RMBI) trade together? Their weekly returns over three years give a correlation of 0.13, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RMBI?
On 3 years of weekly data the QQQ/RMBI correlation comes out at 0.13, weak. The link has loosened recently: the 1-year correlation (-0.03) runs below the 3-year figure (0.13). The 5-year figure is 0.20, and annualized covariance runs at 66.3 %².
Among the 4755 assets we track against QQQ, RMBI ranks #3580 by 3-year correlation. Over the last 12 months QQQ came out ahead by 11.7 percentage points (+26.3% against +14.6%).
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 RMBI: side by side
| QQQ (Invesco QQQ Trust) | RMBI (Richmond Mutual Bancorporation, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +14.6% |
| 5-year return | +95.4% | +24.6% |
| Volatility (ann.) | 19.6% | 25.3% |
| Beta vs S&P 500 | 1.28 | 0.34 |
| Max drawdown (3Y) | -22.8% | -20.8% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 13.1 |
| Dividend yield | 0.44% | 3.78% |
| 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 | RMBI |
|---|---|---|
| 2022 | -32.6% | -16.7% |
| 2023 | +54.9% | -7.2% |
| 2024 | +25.6% | +28.6% |
| 2025 | +20.8% | +3.7% |
| 2026 | +17.7% | +16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RMBI good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and RMBI?
As of 2026-08-27, the correlation of weekly returns between QQQ and RMBI is 0.13 over 3 years, -0.03 over 1 year and 0.20 over 5 years.
Is RMBI a good diversifier for QQQ?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 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-rmbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rmbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RMBI correlations
