QQQ vs RS: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Reliance, Inc. (RS) 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 RS?
On 3 years of weekly data the QQQ/RS correlation comes out at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.35 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 173.0 %².
Within QQQ's tracked universe of 4755 assets, RS comes in at #1043 by 3-year correlation. On 12-month performance RS holds a 8.4-point edge, +26.3% against +34.7%.
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 RS: side by side
| QQQ (Invesco QQQ Trust) | RS (Reliance, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +34.7% |
| 5-year return | +95.4% | +177.9% |
| Volatility (ann.) | 19.6% | 25.5% |
| Beta vs S&P 500 | 1.28 | 0.77 |
| Max drawdown (3Y) | -22.8% | -22.3% |
| Market cap | – | $20.0B |
| P/E (trailing) | – | 22.8 |
| Dividend yield | 0.44% | 1.25% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RS |
|---|---|---|
| 2022 | -32.6% | +27.1% |
| 2023 | +54.9% | +40.3% |
| 2024 | +25.6% | -2.3% |
| 2025 | +20.8% | +9.1% |
| 2026 | +17.7% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RS 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 RS?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.22 over the last year and 0.39 over 5 years.
Is RS 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-rs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RS correlations
