QQQ vs RSI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Rush Street Interactive, Inc. (RSI) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RSI?
On 3 years of weekly data the QQQ/RSI correlation comes out at 0.24, weak. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.24). The 5-year figure is 0.41, and annualized covariance runs at 278.4 %².
Among the 4755 assets we track against QQQ, RSI ranks #2312 by 3-year correlation. Over the last 12 months QQQ came out ahead by 6.1 percentage points (+26.3% against +20.2%). Risk is not evenly split, since RSI carries 3.0 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 RSI: side by side
| QQQ (Invesco QQQ Trust) | RSI (Rush Street Interactive, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +20.2% |
| 5-year return | +95.4% | +79.9% |
| Volatility (ann.) | 19.6% | 58.1% |
| Beta vs S&P 500 | 1.28 | 1.00 |
| Max drawdown (3Y) | -22.8% | -42.0% |
| Market cap | – | $6.4B |
| P/E (trailing) | – | 84.5 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | RSI |
|---|---|---|
| 2022 | -32.6% | -78.2% |
| 2023 | +54.9% | +25.1% |
| 2024 | +25.6% | +205.6% |
| 2025 | +20.8% | +41.6% |
| 2026 | +17.7% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RSI good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RSI?
The QQQ/RSI correlation stands at 0.24 on a 3-year window (1 year: 0.02, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is RSI a good diversifier for QQQ?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
A reading of 0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · RSI correlations
