QQQ vs RSG: Correlation
Invesco QQQ Trust (QQQ) and Republic Services (RSG) show a near-zero relationship: their 3-year correlation of weekly returns is 0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RSG?
Over the past 3 years, QQQ and RSG moved with a correlation of 0.06, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.40) than the 3-year average (0.06). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 19.1 %².
By 3-year correlation, RSG places #4133 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 31.9 points (+26.3% versus -5.6%). This link changes with the market regime, having swung between -0.38 and 0.38 on a rolling one-year basis.
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 RSG: side by side
| QQQ (Invesco QQQ Trust) | RSG (Republic Services) | |
|---|---|---|
| 1-year return | +26.3% | -5.6% |
| 5-year return | +95.4% | +87.9% |
| Volatility (ann.) | 19.6% | 16.2% |
| Beta vs S&P 500 | 1.28 | 0.17 |
| Max drawdown (3Y) | -22.8% | -22.5% |
| Market cap | – | $67.1B |
| P/E (trailing) | – | 31.0 |
| Dividend yield | 0.44% | 1.13% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Industrials |
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 | RSG |
|---|---|---|
| 2022 | -32.6% | -6.2% |
| 2023 | +54.9% | +29.6% |
| 2024 | +25.6% | +23.0% |
| 2025 | +20.8% | +6.4% |
| 2026 | +17.7% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RSG good diversifiers for each other?
Yes. With a correlation of 0.06, QQQ and RSG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and RSG?
The QQQ/RSG correlation stands at 0.06 on a 3-year window (1 year: -0.40, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is RSG a good diversifier for QQQ?
Yes. With a correlation of 0.06, QQQ and RSG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.06 mean?
A reading of 0.06 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-rsg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rsg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · RSG correlations
