QQQ vs RVT: Correlation
How closely do Invesco QQQ Trust (QQQ) and Royce Small-Cap Trust, Inc. (RVT) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RVT?
Across a 3-year window, the weekly returns of QQQ and RVT correlate at 0.65, strong. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 241.3 %².
By 3-year correlation, RVT places #96 of the 4755 assets tracked against QQQ. Their 12-month results are close: +26.3% for QQQ against +27.4% for RVT.
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 RVT: side by side
| QQQ (Invesco QQQ Trust) | RVT (Royce Small-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +27.4% |
| 5-year return | +95.4% | +53.9% |
| Volatility (ann.) | 19.6% | 19.1% |
| Beta vs S&P 500 | 1.28 | 0.99 |
| Max drawdown (3Y) | -22.8% | -23.5% |
| Market cap | – | $2.3B |
| P/E (trailing) | – | 6.5 |
| 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 | RVT |
|---|---|---|
| 2022 | -32.6% | -26.3% |
| 2023 | +54.9% | +18.8% |
| 2024 | +25.6% | +17.9% |
| 2025 | +20.8% | +11.5% |
| 2026 | +17.7% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RVT good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QQQ and RVT?
The QQQ/RVT correlation stands at 0.65 on a 3-year window (1 year: 0.55, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is RVT a good diversifier for QQQ?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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-rvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-rvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RVT correlations
