QQQ vs RNAC: Correlation
How closely do Invesco QQQ Trust (QQQ) and Cartesian Therapeutics, Inc. (RNAC) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RNAC?
On 3 years of weekly data the QQQ/RNAC correlation comes out at 0.31, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.31 over 3. The 5-year figure is 0.27, and annualized covariance runs at 649.1 %².
By 3-year correlation, RNAC places #1424 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 32.5 percentage points, +26.3% for QQQ against -6.2% for RNAC. Risk is not evenly split, since RNAC carries 5.5 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 RNAC: side by side
| QQQ (Invesco QQQ Trust) | RNAC (Cartesian Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -6.2% |
| 5-year return | +95.4% | -92.3% |
| Volatility (ann.) | 19.6% | 108.2% |
| Beta vs S&P 500 | 1.28 | 2.21 |
| Max drawdown (3Y) | -22.8% | -85.6% |
| Market cap | – | $0.3B |
| 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 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 | RNAC |
|---|---|---|
| 2022 | -32.6% | -65.3% |
| 2023 | +54.9% | -39.0% |
| 2024 | +25.6% | -13.4% |
| 2025 | +20.8% | -59.7% |
| 2026 | +17.7% | +38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RNAC good diversifiers for each other?
Reasonably. At 0.31, QQQ and RNAC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and RNAC?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.41 over the last year and 0.27 over 5 years.
Is RNAC a good diversifier for QQQ?
Reasonably. At 0.31, QQQ and RNAC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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-rnac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rnac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RNAC correlations
