QQQ vs RQI: Correlation
How closely do Invesco QQQ Trust (QQQ) and Cohen & Steers Quality Income Realty Fund Inc (RQI) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RQI?
On 3 years of weekly data the QQQ/RQI correlation comes out at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.36). The 5-year figure is 0.53, and annualized covariance runs at 150.4 %².
Among the 4755 assets we track against QQQ, RQI ranks #965 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.7 percentage points (+26.3% for QQQ against +8.6% for RQI).
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 RQI: side by side
| QQQ (Invesco QQQ Trust) | RQI (Cohen & Steers Quality Income Realty Fund Inc) | |
|---|---|---|
| 1-year return | +26.3% | +8.6% |
| 5-year return | +95.4% | +16.3% |
| Volatility (ann.) | 19.6% | 21.6% |
| Beta vs S&P 500 | 1.28 | 0.77 |
| Max drawdown (3Y) | -22.8% | -21.0% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 35.2 |
| Dividend yield | 0.44% | 7.74% |
| 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 | RQI |
|---|---|---|
| 2022 | -32.6% | -31.1% |
| 2023 | +54.9% | +15.7% |
| 2024 | +25.6% | +8.0% |
| 2025 | +20.8% | +2.1% |
| 2026 | +17.7% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RQI good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RQI?
The QQQ/RQI correlation stands at 0.36 on a 3-year window (1 year: 0.22, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is RQI a good diversifier for QQQ?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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-rqi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rqi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RQI correlations
