QQQ vs RMCF: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Rocky Mountain Chocolate Factory, Inc. (RMCF) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RMCF?
Across a 3-year window, the weekly returns of QQQ and RMCF correlate at 0.21, weak. The past 12 months show a tighter link (0.35) than the 3-year average (0.21). Stretching to 5 years gives 0.16, with an annualized covariance of 277.4 %².
Within QQQ's tracked universe of 4755 assets, RMCF comes in at #2730 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 46.2 percentage points (+26.3% for QQQ against -19.9% for RMCF). Risk is not evenly split, since RMCF carries 3.5 times the volatility of the other side.
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 RMCF: side by side
| QQQ (Invesco QQQ Trust) | RMCF (Rocky Mountain Chocolate Factory, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -19.9% |
| 5-year return | +95.4% | -84.3% |
| Volatility (ann.) | 19.6% | 68.5% |
| Beta vs S&P 500 | 1.28 | 0.77 |
| Max drawdown (3Y) | -22.8% | -87.0% |
| Market cap | – | – |
| 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, 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 | RMCF |
|---|---|---|
| 2022 | -32.6% | -27.4% |
| 2023 | +54.9% | -19.3% |
| 2024 | +25.6% | -47.2% |
| 2025 | +20.8% | -21.8% |
| 2026 | +17.7% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RMCF good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RMCF?
As of 2026-08-27, the correlation of weekly returns between QQQ and RMCF is 0.21 over 3 years, 0.35 over 1 year and 0.16 over 5 years.
Is RMCF a good diversifier for QQQ?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
A reading of 0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-rmcf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rmcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · RMCF correlations
