QQQ vs RSKD: Correlation
Invesco QQQ Trust (QQQ) and Riskified Ltd. Class A (RSKD) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RSKD?
Over the past 3 years, QQQ and RSKD moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 292.5 %².
Among the 4755 assets we track against QQQ, RSKD ranks #715 by 3-year correlation. Over the last 12 months RSKD came out ahead by 5.3 percentage points (+26.3% against +31.6%). Risk is not evenly split, since RSKD carries 1.9 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 RSKD: side by side
| QQQ (Invesco QQQ Trust) | RSKD (Riskified Ltd. Class A) | |
|---|---|---|
| 1-year return | +26.3% | +31.6% |
| 5-year return | +95.4% | -81.3% |
| Volatility (ann.) | 19.6% | 38.0% |
| Beta vs S&P 500 | 1.28 | 1.09 |
| Max drawdown (3Y) | -22.8% | -42.2% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| 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 | RSKD |
|---|---|---|
| 2022 | -32.6% | -41.2% |
| 2023 | +54.9% | +1.3% |
| 2024 | +25.6% | +1.1% |
| 2025 | +20.8% | +5.1% |
| 2026 | +17.7% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RSKD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RSKD?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.37 over the last year and 0.43 over 5 years.
Is RSKD a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-rskd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-rskd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · RSKD correlations
