QQQ vs RNST: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Renasant Corporation (RNST) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RNST?
Over the past 3 years, QQQ and RNST moved with a correlation of 0.33, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.33 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 193.4 %².
By 3-year correlation, RNST places #1221 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 19.2 percentage points, +26.3% for QQQ against +7.1% for RNST. One caveat on sizing: RNST is 1.6 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 RNST: side by side
| QQQ (Invesco QQQ Trust) | RNST (Renasant Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +7.1% |
| 5-year return | +95.4% | +34.8% |
| Volatility (ann.) | 19.6% | 30.4% |
| Beta vs S&P 500 | 1.28 | 0.95 |
| Max drawdown (3Y) | -22.8% | -29.3% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | 12.1 |
| Dividend yield | 0.44% | 2.24% |
| 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 | RNST |
|---|---|---|
| 2022 | -32.6% | +1.7% |
| 2023 | +54.9% | -7.7% |
| 2024 | +25.6% | +9.1% |
| 2025 | +20.8% | +1.0% |
| 2026 | +17.7% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RNST good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RNST?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.10 over the last year and 0.31 over 5 years.
Is RNST a good diversifier for QQQ?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 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-rnst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-rnst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RNST correlations
