QQQ vs RRC: Correlation
Invesco QQQ Trust (QQQ) and Range Resources Corporation (RRC) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RRC?
On 3 years of weekly data the QQQ/RRC correlation comes out at 0.11, weak. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (0.11). The 5-year figure is 0.17, and annualized covariance runs at 68.0 %².
Among the 4755 assets we track against QQQ, RRC ranks #3776 by 3-year correlation. Neither side won the trailing year by much: +26.3% against +24.3%. Risk is not evenly split, since RRC carries 1.7 times the volatility of the other side.
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 RRC: side by side
| QQQ (Invesco QQQ Trust) | RRC (Range Resources Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +24.3% |
| 5-year return | +95.4% | +195.2% |
| Volatility (ann.) | 19.6% | 33.0% |
| Beta vs S&P 500 | 1.28 | 0.34 |
| Max drawdown (3Y) | -22.8% | -28.0% |
| Market cap | – | $9.7B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 0.44% | 0.91% |
| 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 | RRC |
|---|---|---|
| 2022 | -32.6% | +41.1% |
| 2023 | +54.9% | +23.1% |
| 2024 | +25.6% | +19.3% |
| 2025 | +20.8% | -1.0% |
| 2026 | +17.7% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RRC good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and RRC?
As of 2026-08-27, the correlation of weekly returns between QQQ and RRC is 0.11 over 3 years, -0.39 over 1 year and 0.17 over 5 years.
Is RRC a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 mean?
A reading of 0.11 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-rrc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rrc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · RRC correlations
