QQQ vs RVMD: Correlation
Invesco QQQ Trust (QQQ) and Revolution Medicines, Inc. (RVMD) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RVMD?
Over the past 3 years, QQQ and RVMD moved with a correlation of 0.30, which is moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 376.5 %².
Within QQQ's tracked universe of 4755 assets, RVMD comes in at #1528 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RVMD ahead by 455.1 points (+26.3% versus +481.4%). One caveat on sizing: RVMD is 3.3 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 RVMD: side by side
| QQQ (Invesco QQQ Trust) | RVMD (Revolution Medicines, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +481.4% |
| 5-year return | +95.4% | +680.1% |
| Volatility (ann.) | 19.6% | 64.9% |
| Beta vs S&P 500 | 1.28 | 1.64 |
| Max drawdown (3Y) | -22.8% | -48.6% |
| Market cap | – | $47.4B |
| 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 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 | RVMD |
|---|---|---|
| 2022 | -32.6% | -5.4% |
| 2023 | +54.9% | +20.4% |
| 2024 | +25.6% | +52.5% |
| 2025 | +20.8% | +82.1% |
| 2026 | +17.7% | +177.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RVMD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and RVMD?
As of 2026-08-27, the correlation of weekly returns between QQQ and RVMD is 0.30 over 3 years, 0.36 over 1 year and 0.32 over 5 years.
Is RVMD a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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-rvmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rvmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RVMD correlations
