QQQ vs RPD: Correlation
Invesco QQQ Trust (QQQ) and Rapid7, Inc. (RPD) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RPD?
Over the past 3 years, QQQ and RPD moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 406.6 %².
Among the 4755 assets we track against QQQ, RPD ranks #868 by 3-year correlation. The last year tells two different stories: QQQ led by 61.0 percentage points, +26.3% for QQQ against -34.7% for RPD. Note the risk asymmetry: RPD runs 2.9 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 RPD: side by side
| QQQ (Invesco QQQ Trust) | RPD (Rapid7, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -34.7% |
| 5-year return | +95.4% | -88.9% |
| Volatility (ann.) | 19.6% | 56.3% |
| Beta vs S&P 500 | 1.28 | 1.42 |
| Max drawdown (3Y) | -22.8% | -91.8% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 37.5 |
| 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 | RPD |
|---|---|---|
| 2022 | -32.6% | -71.1% |
| 2023 | +54.9% | +68.0% |
| 2024 | +25.6% | -29.5% |
| 2025 | +20.8% | -62.2% |
| 2026 | +17.7% | -11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RPD good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RPD?
The QQQ/RPD correlation stands at 0.37 on a 3-year window (1 year: 0.42, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is RPD a good diversifier for QQQ?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
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Related comparisons
Hubs: QQQ correlations · RPD correlations
