QQQ vs RMD: Correlation
Invesco QQQ Trust (QQQ) and ResMed (RMD) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RMD?
On 3 years of weekly data the QQQ/RMD correlation comes out at 0.28, weak. The past 12 months show a weaker link (-0.07) than the 3-year average (0.28). The 5-year figure is 0.41, and annualized covariance runs at 168.9 %².
By 3-year correlation, RMD places #1767 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 41.8 points (+26.3% versus -15.5%). This link changes with the market regime, having swung between -0.08 and 0.57 on a rolling one-year basis. Note the risk asymmetry: RMD runs 1.6 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 RMD: side by side
| QQQ (Invesco QQQ Trust) | RMD (ResMed) | |
|---|---|---|
| 1-year return | +26.3% | -15.5% |
| 5-year return | +95.4% | -14.6% |
| Volatility (ann.) | 19.6% | 31.2% |
| Beta vs S&P 500 | 1.28 | 0.79 |
| Max drawdown (3Y) | -22.8% | -37.3% |
| Market cap | – | $34.0B |
| P/E (trailing) | – | 22.6 |
| Dividend yield | 0.44% | 1.02% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Health Care |
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 | RMD |
|---|---|---|
| 2022 | -32.6% | -19.5% |
| 2023 | +54.9% | -16.5% |
| 2024 | +25.6% | +34.2% |
| 2025 | +20.8% | +6.3% |
| 2026 | +17.7% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RMD good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RMD?
The QQQ/RMD correlation stands at 0.28 on a 3-year window (1 year: -0.07, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is RMD a good diversifier for QQQ?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
A reading of 0.28 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-rmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RMD correlations
