QQQ vs RRX: Correlation
Invesco QQQ Trust (QQQ) and Regal Rexnord Corporation (RRX) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RRX?
Over the past 3 years, QQQ and RRX moved with a correlation of 0.28, which is weak. The past 12 months show a weaker link (0.07) than the 3-year average (0.28). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 232.6 %².
Within QQQ's tracked universe of 4755 assets, RRX comes in at #1771 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 18.1 percentage points (+26.3% for QQQ against +8.2% for RRX). Risk is not evenly split, since RRX carries 2.1 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 RRX: side by side
| QQQ (Invesco QQQ Trust) | RRX (Regal Rexnord Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +8.2% |
| 5-year return | +95.4% | +18.1% |
| Volatility (ann.) | 19.6% | 42.0% |
| Beta vs S&P 500 | 1.28 | 1.10 |
| Max drawdown (3Y) | -22.8% | -48.1% |
| Market cap | – | $10.9B |
| P/E (trailing) | – | 34.0 |
| Dividend yield | 0.44% | 0.85% |
| 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 | RRX |
|---|---|---|
| 2022 | -32.6% | -28.7% |
| 2023 | +54.9% | +24.6% |
| 2024 | +25.6% | +5.7% |
| 2025 | +20.8% | -8.6% |
| 2026 | +17.7% | +17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RRX good diversifiers for each other?
Reasonably. At 0.28, QQQ and RRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and RRX?
As of 2026-08-27, the correlation of weekly returns between QQQ and RRX is 0.28 over 3 years, 0.07 over 1 year and 0.40 over 5 years.
Is RRX a good diversifier for QQQ?
Reasonably. At 0.28, QQQ and RRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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-rrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-rrx/)
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Related comparisons
Hubs: QQQ correlations · RRX correlations
