QQQ vs ROMA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Roma Green Finance Limited - Class A (ROMA) carry a correlation of 0.05, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ROMA?
Across a 3-year window, the weekly returns of QQQ and ROMA correlate at 0.05, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.02) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 121.6 %².
Within QQQ's tracked universe of 4755 assets, ROMA comes in at #4217 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ROMA outperformed by 237.3 percentage points (+26.3% for QQQ against +263.6% for ROMA). Note the risk asymmetry: ROMA runs 6.3 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 ROMA: side by side
| QQQ (Invesco QQQ Trust) | ROMA (Roma Green Finance Limited - Class A) | |
|---|---|---|
| 1-year return | +26.3% | +263.6% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 122.9% |
| Beta vs S&P 500 | 1.28 | 0.47 |
| Max drawdown (3Y) | -22.8% | -88.0% |
| Market cap | – | $0.5B |
| 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, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | ROMA |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | +116.7% |
| 2026 | +17.7% | +442.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ROMA good diversifiers for each other?
Yes. With a correlation of 0.05, QQQ and ROMA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and ROMA?
As of 2026-08-27, the correlation of weekly returns between QQQ and ROMA is 0.05 over 3 years, -0.02 over 1 year and n/a over 5 years.
Is ROMA a good diversifier for QQQ?
Yes. With a correlation of 0.05, QQQ and ROMA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 mean?
On the −1 to +1 scale, 0.05 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-roma.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-roma/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · ROMA correlations
