QQQ vs RTX: Correlation
Invesco QQQ Trust (QQQ) and RTX Corporation (RTX) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RTX?
On 3 years of weekly data the QQQ/RTX correlation comes out at 0.20, weak. Little has changed lately, as the 1-year reading of 0.17 lands near the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 97.9 %².
Among the 4755 assets we track against QQQ, RTX ranks #2853 by 3-year correlation. Over the last 12 months RTX came out ahead by 8.4 percentage points (+26.3% against +34.7%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.15 and 0.50 over the past three years, so this pair behaves very differently depending on the market environment.
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 RTX: side by side
| QQQ (Invesco QQQ Trust) | RTX (RTX Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +34.7% |
| 5-year return | +95.4% | +178.4% |
| Volatility (ann.) | 19.6% | 25.1% |
| Beta vs S&P 500 | 1.28 | 0.57 |
| Max drawdown (3Y) | -22.8% | -19.7% |
| Market cap | – | $285.8B |
| P/E (trailing) | – | 37.3 |
| Dividend yield | 0.44% | 1.31% |
| 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 | RTX |
|---|---|---|
| 2022 | -32.6% | +20.0% |
| 2023 | +54.9% | -14.4% |
| 2024 | +25.6% | +40.8% |
| 2025 | +20.8% | +61.4% |
| 2026 | +17.7% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RTX good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RTX?
The QQQ/RTX correlation stands at 0.20 on a 3-year window (1 year: 0.17, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is RTX a good diversifier for QQQ?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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-rtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RTX correlations
