QQQ vs RPM: Correlation
Invesco QQQ Trust (QQQ) and RPM International Inc. (RPM) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RPM?
Over the past 3 years, QQQ and RPM moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.38 over 3 years. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 184.0 %².
Within QQQ's tracked universe of 4755 assets, RPM comes in at #793 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 40.6 percentage points (+26.3% for QQQ against -14.3% for RPM).
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 RPM: side by side
| QQQ (Invesco QQQ Trust) | RPM (RPM International Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -14.3% |
| 5-year return | +95.4% | +38.7% |
| Volatility (ann.) | 19.6% | 25.0% |
| Beta vs S&P 500 | 1.28 | 0.85 |
| Max drawdown (3Y) | -22.8% | -32.0% |
| Market cap | – | $13.5B |
| P/E (trailing) | – | 20.7 |
| Dividend yield | 0.44% | 1.99% |
| 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 | RPM |
|---|---|---|
| 2022 | -32.6% | -1.7% |
| 2023 | +54.9% | +16.8% |
| 2024 | +25.6% | +12.1% |
| 2025 | +20.8% | -13.9% |
| 2026 | +17.7% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RPM good diversifiers for each other?
Reasonably. At 0.38, QQQ and RPM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and RPM?
As of 2026-08-27, the correlation of weekly returns between QQQ and RPM is 0.38 over 3 years, 0.24 over 1 year and 0.46 over 5 years.
Is RPM a good diversifier for QQQ?
Reasonably. At 0.38, QQQ and RPM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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 · RPM correlations
