QQQ vs ROK: Correlation
Invesco QQQ Trust (QQQ) and Rockwell Automation (ROK) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ROK?
On 3 years of weekly data the QQQ/ROK correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 259.5 %².
Within QQQ's tracked universe of 4755 assets, ROK comes in at #333 by 3-year correlation. Neither side won the trailing year by much: +26.3% against +25.7%. On a rolling one-year basis the correlation drifted between 0.33 and 0.68, a moderate band.
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 ROK: side by side
| QQQ (Invesco QQQ Trust) | ROK (Rockwell Automation) | |
|---|---|---|
| 1-year return | +26.3% | +25.7% |
| 5-year return | +95.4% | +44.9% |
| Volatility (ann.) | 19.6% | 27.9% |
| Beta vs S&P 500 | 1.28 | 0.97 |
| Max drawdown (3Y) | -22.8% | -29.0% |
| Market cap | – | $48.2B |
| P/E (trailing) | – | 40.6 |
| Dividend yield | 0.44% | 1.26% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Industrials |
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 | ROK |
|---|---|---|
| 2022 | -32.6% | -24.8% |
| 2023 | +54.9% | +22.6% |
| 2024 | +25.6% | -6.2% |
| 2025 | +20.8% | +38.4% |
| 2026 | +17.7% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ROK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and ROK?
As of 2026-08-27, the correlation of weekly returns between QQQ and ROK is 0.48 over 3 years, 0.48 over 1 year and 0.58 over 5 years.
Is ROK a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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 · ROK correlations
