QQQ vs RRGB: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Red Robin Gourmet Burgers, Inc. (RRGB) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RRGB?
Across a 3-year window, the weekly returns of QQQ and RRGB correlate at 0.28, weak. Recent behaviour matches the longer record: 0.36 over 1 year against 0.28 over 3. Stretching to 5 years gives 0.38, with an annualized covariance of 465.4 %².
Among the 4755 assets we track against QQQ, RRGB ranks #1770 by 3-year correlation. The last year tells two different stories: RRGB led by 19.1 percentage points, +26.3% for QQQ against +45.4% for RRGB. Risk is not evenly split, since RRGB carries 4.4 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 RRGB: side by side
| QQQ (Invesco QQQ Trust) | RRGB (Red Robin Gourmet Burgers, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +45.4% |
| 5-year return | +95.4% | -61.2% |
| Volatility (ann.) | 19.6% | 86.0% |
| Beta vs S&P 500 | 1.28 | 1.99 |
| Max drawdown (3Y) | -22.8% | -79.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| 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 | RRGB |
|---|---|---|
| 2022 | -32.6% | -66.2% |
| 2023 | +54.9% | +123.5% |
| 2024 | +25.6% | -56.0% |
| 2025 | +20.8% | -26.2% |
| 2026 | +17.7% | +132.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RRGB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RRGB?
As of 2026-08-27, the correlation of weekly returns between QQQ and RRGB is 0.28 over 3 years, 0.36 over 1 year and 0.38 over 5 years.
Is RRGB a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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-rrgb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rrgb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RRGB correlations
