QQQ vs RNG: Correlation
How closely do Invesco QQQ Trust (QQQ) and RingCentral, Inc. (RNG) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RNG?
Over the past 3 years, QQQ and RNG moved with a correlation of 0.37, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.37 over 3 years. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 379.8 %².
Within QQQ's tracked universe of 4755 assets, RNG comes in at #867 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RNG ahead by 98.0 points (+26.3% versus +124.3%). One caveat on sizing: RNG is 2.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RNG: side by side
| QQQ (Invesco QQQ Trust) | RNG (RingCentral, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +124.3% |
| 5-year return | +95.4% | -73.1% |
| Volatility (ann.) | 19.6% | 52.2% |
| Beta vs S&P 500 | 1.28 | 1.54 |
| Max drawdown (3Y) | -22.8% | -48.6% |
| Market cap | – | $5.7B |
| P/E (trailing) | – | 52.7 |
| Dividend yield | 0.44% | 0.23% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RNG |
|---|---|---|
| 2022 | -32.6% | -81.1% |
| 2023 | +54.9% | -4.1% |
| 2024 | +25.6% | +3.1% |
| 2025 | +20.8% | -17.5% |
| 2026 | +17.7% | +138.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RNG good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RNG?
The QQQ/RNG correlation stands at 0.37 on a 3-year window (1 year: 0.20, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is RNG a good diversifier for QQQ?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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-rng.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rng/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RNG correlations
