QQQ vs RMCO: Correlation
Invesco QQQ Trust (QQQ) and Royalty Management Holding Corporation (RMCO) show a near-zero relationship: their 3-year correlation of weekly returns is 0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RMCO?
Across a 3-year window, the weekly returns of QQQ and RMCO correlate at 0.03, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.09) sits close to the 3-year figure. Stretching to 5 years gives 0.02, with an annualized covariance of 46.6 %².
By 3-year correlation, RMCO places #4336 of the 4755 assets tracked against QQQ. The last year tells two different stories: RMCO led by 20.3 percentage points, +26.3% for QQQ against +46.6% for RMCO. Note the risk asymmetry: RMCO runs 4.4 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 RMCO: side by side
| QQQ (Invesco QQQ Trust) | RMCO (Royalty Management Holding Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +46.6% |
| 5-year return | +95.4% | -70.7% |
| Volatility (ann.) | 19.6% | 87.1% |
| Beta vs S&P 500 | 1.28 | 0.25 |
| Max drawdown (3Y) | -22.8% | -93.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.33% |
| 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 | RMCO |
|---|---|---|
| 2022 | -32.6% | -0.4% |
| 2023 | +54.9% | -83.0% |
| 2024 | +25.6% | -41.3% |
| 2025 | +20.8% | +211.1% |
| 2026 | +17.7% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RMCO good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and RMCO?
The QQQ/RMCO correlation stands at 0.03 on a 3-year window (1 year: 0.09, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is RMCO a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 mean?
A reading of 0.03 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · RMCO correlations
