QQQ vs RNAZ: Correlation
Invesco QQQ Trust (QQQ) and TransCode Therapeutics, Inc. (RNAZ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RNAZ?
On 3 years of weekly data the QQQ/RNAZ correlation comes out at 0.18, weak. The link has loosened recently: the 1-year correlation (-0.05) runs below the 3-year figure (0.18). The 5-year figure is 0.16, and annualized covariance runs at 604.6 %².
Within QQQ's tracked universe of 4755 assets, RNAZ comes in at #3088 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 103.6 points (+26.3% versus -77.3%). Risk is not evenly split, since RNAZ carries 8.9 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 RNAZ: side by side
| QQQ (Invesco QQQ Trust) | RNAZ (TransCode Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -77.3% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 173.5% |
| Beta vs S&P 500 | 1.28 | 2.47 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | – |
| 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 |
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 | RNAZ |
|---|---|---|
| 2022 | -32.6% | -73.5% |
| 2023 | +54.9% | -98.8% |
| 2024 | +25.6% | -98.5% |
| 2025 | +20.8% | -92.8% |
| 2026 | +17.7% | -66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RNAZ good diversifiers for each other?
Yes. With a correlation of 0.18, QQQ and RNAZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and RNAZ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with -0.05 over the last year and 0.16 over 5 years.
Is RNAZ a good diversifier for QQQ?
Yes. With a correlation of 0.18, QQQ and RNAZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-rnaz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-rnaz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RNAZ correlations
