QQQ vs RNXT: Correlation
Invesco QQQ Trust (QQQ) and RenovoRx, Inc. (RNXT) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RNXT?
Across a 3-year window, the weekly returns of QQQ and RNXT correlate at 0.15, weak. The relationship has been stable: the 1-year correlation (0.22) sits close to the 3-year figure. Stretching to 5 years gives 0.16, with an annualized covariance of 334.4 %².
Within QQQ's tracked universe of 4755 assets, RNXT comes in at #3390 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RNXT ahead by 33.7 points (+26.3% versus +60.0%). Note the risk asymmetry: RNXT runs 5.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RNXT: side by side
| QQQ (Invesco QQQ Trust) | RNXT (RenovoRx, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +60.0% |
| 5-year return | +95.4% | -90.8% |
| Volatility (ann.) | 19.6% | 116.0% |
| Beta vs S&P 500 | 1.28 | 1.24 |
| Max drawdown (3Y) | -22.8% | -68.0% |
| 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 |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RNXT |
|---|---|---|
| 2022 | -32.6% | -51.4% |
| 2023 | +54.9% | -2.6% |
| 2024 | +25.6% | -43.7% |
| 2025 | +20.8% | -34.9% |
| 2026 | +17.7% | +76.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RNXT good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and RNXT?
As of 2026-08-27, the correlation of weekly returns between QQQ and RNXT is 0.15 over 3 years, 0.22 over 1 year and 0.16 over 5 years.
Is RNXT a good diversifier for QQQ?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.15 mean?
A reading of 0.15 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · RNXT correlations
