QQQ vs RMI: Correlation
How closely do Invesco QQQ Trust (QQQ) and RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RMI?
On 3 years of weekly data the QQQ/RMI correlation comes out at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 79.2 %².
By 3-year correlation, RMI places #1526 of the 4755 assets tracked against QQQ. On 12-month performance QQQ holds a 8.5-point edge, +26.3% against +17.8%.
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 RMI: side by side
| QQQ (Invesco QQQ Trust) | RMI (RiverNorth Opportunistic Municipal Income Fund, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +17.8% |
| 5-year return | +95.4% | -3.9% |
| Volatility (ann.) | 19.6% | 13.7% |
| Beta vs S&P 500 | 1.28 | 0.36 |
| Max drawdown (3Y) | -22.8% | -17.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 126.1 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RMI |
|---|---|---|
| 2022 | -32.6% | -21.3% |
| 2023 | +54.9% | +0.2% |
| 2024 | +25.6% | +6.3% |
| 2025 | +20.8% | +2.7% |
| 2026 | +17.7% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RMI good diversifiers for each other?
Reasonably. At 0.30, QQQ and RMI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and RMI?
As of 2026-08-27, the correlation of weekly returns between QQQ and RMI is 0.30 over 3 years, 0.34 over 1 year and 0.32 over 5 years.
Is RMI a good diversifier for QQQ?
Reasonably. At 0.30, QQQ and RMI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-rmi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rmi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · RMI correlations
