QQQ vs RUN: Correlation
Invesco QQQ Trust (QQQ) and Sunrun Inc. (RUN) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RUN?
On 3 years of weekly data the QQQ/RUN correlation comes out at 0.26, weak. The link has tightened recently: the 1-year correlation (0.38) runs above the 3-year figure (0.26). The 5-year figure is 0.36, and annualized covariance runs at 476.9 %².
Within QQQ's tracked universe of 4755 assets, RUN comes in at #2035 by 3-year correlation. The last year tells two different stories: QQQ led by 69.0 percentage points, +26.3% for QQQ against -42.7% for RUN. One caveat on sizing: RUN is 4.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RUN: side by side
| QQQ (Invesco QQQ Trust) | RUN (Sunrun Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -42.7% |
| 5-year return | +95.4% | -79.7% |
| Volatility (ann.) | 19.6% | 94.7% |
| Beta vs S&P 500 | 1.28 | 1.89 |
| Max drawdown (3Y) | -22.8% | -73.7% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | 6.2 |
| 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 | RUN |
|---|---|---|
| 2022 | -32.6% | -30.0% |
| 2023 | +54.9% | -18.3% |
| 2024 | +25.6% | -52.9% |
| 2025 | +20.8% | +98.9% |
| 2026 | +17.7% | -50.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RUN good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RUN?
The QQQ/RUN correlation stands at 0.26 on a 3-year window (1 year: 0.38, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is RUN a good diversifier for QQQ?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
A reading of 0.26 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-run.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-run/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · RUN correlations
