QQQ vs RPAY: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Repay Holdings Corporation (RPAY) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RPAY?
Across a 3-year window, the weekly returns of QQQ and RPAY correlate at 0.29, weak. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 308.1 %².
Among the 4755 assets we track against QQQ, RPAY ranks #1651 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 62.0 points (+26.3% versus -35.7%). One caveat on sizing: RPAY is 2.8 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 RPAY: side by side
| QQQ (Invesco QQQ Trust) | RPAY (Repay Holdings Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -35.7% |
| 5-year return | +95.4% | -83.6% |
| Volatility (ann.) | 19.6% | 54.1% |
| Beta vs S&P 500 | 1.28 | 1.37 |
| Max drawdown (3Y) | -22.8% | -78.3% |
| Market cap | – | $0.3B |
| 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 | RPAY |
|---|---|---|
| 2022 | -32.6% | -55.9% |
| 2023 | +54.9% | +6.1% |
| 2024 | +25.6% | -10.7% |
| 2025 | +20.8% | -52.2% |
| 2026 | +17.7% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RPAY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RPAY?
The QQQ/RPAY correlation stands at 0.29 on a 3-year window (1 year: 0.27, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is RPAY a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-rpay.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rpay/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RPAY correlations
