QQQ vs RVP: Correlation
Invesco QQQ Trust (QQQ) and Retractable Technologies, Inc. (RVP) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RVP?
Over the past 3 years, QQQ and RVP moved with a correlation of 0.18, which is weak. Recent behaviour matches the longer record: 0.09 over 1 year against 0.18 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 130.9 %².
Among the 4755 assets we track against QQQ, RVP ranks #3089 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 39.3 percentage points (+26.3% for QQQ against -13.0% for RVP). Risk is not evenly split, since RVP 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 RVP: side by side
| QQQ (Invesco QQQ Trust) | RVP (Retractable Technologies, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -13.0% |
| 5-year return | +95.4% | -94.2% |
| Volatility (ann.) | 19.6% | 36.9% |
| Beta vs S&P 500 | 1.28 | 0.49 |
| Max drawdown (3Y) | -22.8% | -57.5% |
| Market cap | – | – |
| 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 |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RVP |
|---|---|---|
| 2022 | -32.6% | -76.3% |
| 2023 | +54.9% | -32.3% |
| 2024 | +25.6% | -37.8% |
| 2025 | +20.8% | +11.6% |
| 2026 | +17.7% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RVP good diversifiers for each other?
Yes. With a correlation of 0.18, QQQ and RVP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and RVP?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.09 over the last year and 0.27 over 5 years.
Is RVP a good diversifier for QQQ?
Yes. With a correlation of 0.18, QQQ and RVP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 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-rvp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-rvp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RVP correlations
