QQQ vs RNTX: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Rein Therapeutics, Inc. (RNTX) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RNTX?
Across a 3-year window, the weekly returns of QQQ and RNTX correlate at 0.28, weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.28 over 3. Stretching to 5 years gives 0.24, with an annualized covariance of 534.1 %².
Within QQQ's tracked universe of 4755 assets, RNTX comes in at #1769 by 3-year correlation. The last year tells two different stories: QQQ led by 55.1 percentage points, +26.3% for QQQ against -28.8% for RNTX. One caveat on sizing: RNTX is 5.0 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 RNTX: side by side
| QQQ (Invesco QQQ Trust) | RNTX (Rein Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -28.8% |
| 5-year return | +95.4% | -96.4% |
| Volatility (ann.) | 19.6% | 98.8% |
| Beta vs S&P 500 | 1.28 | 1.78 |
| Max drawdown (3Y) | -22.8% | -89.7% |
| Market cap | – | $0.1B |
| 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 | RNTX |
|---|---|---|
| 2022 | -32.6% | -79.0% |
| 2023 | +54.9% | +28.6% |
| 2024 | +25.6% | -24.6% |
| 2025 | +20.8% | -49.6% |
| 2026 | +17.7% | -32.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RNTX good diversifiers for each other?
Reasonably. At 0.28, QQQ and RNTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and RNTX?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.23 over the last year and 0.24 over 5 years.
Is RNTX a good diversifier for QQQ?
Reasonably. At 0.28, QQQ and RNTX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 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.
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Related comparisons
Hubs: QQQ correlations · RNTX correlations
