QQQ vs RRR: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Red Rock Resorts, Inc. (RRR) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RRR?
On 3 years of weekly data the QQQ/RRR correlation comes out at 0.35, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.35). The 5-year figure is 0.44, and annualized covariance runs at 216.4 %².
By 3-year correlation, RRR places #1042 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 30.5 percentage points, +26.3% for QQQ against -4.2% for RRR. Risk is not evenly split, since RRR carries 1.6 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 RRR: side by side
| QQQ (Invesco QQQ Trust) | RRR (Red Rock Resorts, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -4.2% |
| 5-year return | +95.4% | +60.9% |
| Volatility (ann.) | 19.6% | 32.0% |
| Beta vs S&P 500 | 1.28 | 0.90 |
| Max drawdown (3Y) | -22.8% | -38.6% |
| Market cap | – | $6.0B |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.44% | 1.73% |
| 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 | RRR |
|---|---|---|
| 2022 | -32.6% | -23.7% |
| 2023 | +54.9% | +36.3% |
| 2024 | +25.6% | -10.1% |
| 2025 | +20.8% | +39.5% |
| 2026 | +17.7% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RRR good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RRR?
The QQQ/RRR correlation stands at 0.35 on a 3-year window (1 year: 0.07, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is RRR a good diversifier for QQQ?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-rrr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rrr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RRR correlations
