QQQ vs RMNI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Rimini Street, Inc. (RMNI) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RMNI?
On 3 years of weekly data the QQQ/RMNI correlation comes out at 0.24, weak. Recent behaviour matches the longer record: 0.29 over 1 year against 0.24 over 3. The 5-year figure is 0.26, and annualized covariance runs at 283.3 %².
Among the 4755 assets we track against QQQ, RMNI ranks #2311 by 3-year correlation. Their 12-month results are close: +26.3% for QQQ against +27.6% for RMNI. Note the risk asymmetry: RMNI runs 3.0 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 RMNI: side by side
| QQQ (Invesco QQQ Trust) | RMNI (Rimini Street, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +27.6% |
| 5-year return | +95.4% | -42.9% |
| Volatility (ann.) | 19.6% | 59.7% |
| Beta vs S&P 500 | 1.28 | 1.19 |
| Max drawdown (3Y) | -22.8% | -53.5% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 76.7 |
| 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 | RMNI |
|---|---|---|
| 2022 | -32.6% | -36.2% |
| 2023 | +54.9% | -14.2% |
| 2024 | +25.6% | -18.3% |
| 2025 | +20.8% | +45.3% |
| 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 RMNI good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RMNI?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.29 over the last year and 0.26 over 5 years.
Is RMNI a good diversifier for QQQ?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
A reading of 0.24 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-rmni.json
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Related comparisons
Hubs: QQQ correlations · RMNI correlations
