QQQ vs RNR: Correlation
Invesco QQQ Trust (QQQ) and RenaissanceRe Holdings Ltd. (RNR) show a near-zero relationship: their 3-year correlation of weekly returns is -0.07.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RNR?
On 3 years of weekly data the QQQ/RNR correlation comes out at -0.07, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. The 5-year figure is 0.03, and annualized covariance runs at -28.7 %².
Within QQQ's tracked universe of 4755 assets, RNR comes in at #4690 by 3-year correlation. On 12-month performance RNR holds a 9.5-point edge, +26.3% against +35.8%.
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 RNR: side by side
| QQQ (Invesco QQQ Trust) | RNR (RenaissanceRe Holdings Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | +35.8% |
| 5-year return | +95.4% | +120.0% |
| Volatility (ann.) | 19.6% | 21.1% |
| Beta vs S&P 500 | 1.28 | 0.09 |
| Max drawdown (3Y) | -22.8% | -23.1% |
| Market cap | – | $13.7B |
| P/E (trailing) | – | 5.7 |
| Dividend yield | 0.44% | 0.49% |
| 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 | RNR |
|---|---|---|
| 2022 | -32.6% | +9.9% |
| 2023 | +54.9% | +7.2% |
| 2024 | +25.6% | +27.8% |
| 2025 | +20.8% | +13.6% |
| 2026 | +17.7% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RNR good diversifiers for each other?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and RNR?
Using weekly returns as of 2026-08-27: -0.07 over 3 years, with -0.17 over the last year and 0.03 over 5 years.
Is RNR a good diversifier for QQQ?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
What does a correlation of -0.07 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-rnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rnr/)
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Related comparisons
Hubs: QQQ correlations · RNR correlations
