QQQ vs RPC: Correlation
Invesco QQQ Trust (QQQ) and Ridgepost Capital, Inc. (RPC) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RPC?
Over the past 3 years, QQQ and RPC moved with a correlation of 0.44, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 326.4 %².
Within QQQ's tracked universe of 4755 assets, RPC comes in at #455 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 55.1 points (+26.3% versus -28.8%). One caveat on sizing: RPC is 1.9 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 RPC: side by side
| QQQ (Invesco QQQ Trust) | RPC (Ridgepost Capital, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -28.8% |
| 5-year return | +95.4% | -23.6% |
| Volatility (ann.) | 19.6% | 38.1% |
| Beta vs S&P 500 | 1.28 | 1.41 |
| Max drawdown (3Y) | -22.8% | -50.2% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | 36.3 |
| Dividend yield | 0.44% | 1.70% |
| 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 | RPC |
|---|---|---|
| 2022 | -32.6% | -23.1% |
| 2023 | +54.9% | -3.0% |
| 2024 | +25.6% | +25.2% |
| 2025 | +20.8% | -21.2% |
| 2026 | +17.7% | -10.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RPC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RPC?
As of 2026-08-27, the correlation of weekly returns between QQQ and RPC is 0.44 over 3 years, 0.43 over 1 year and 0.40 over 5 years.
Is RPC a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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 · RPC correlations
