QQQ vs RYAM: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Rayonier Advanced Materials Inc. (RYAM) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RYAM?
On 3 years of weekly data the QQQ/RYAM correlation comes out at 0.26, weak. The past 12 months show a weaker link (0.15) than the 3-year average (0.26). The 5-year figure is 0.19, and annualized covariance runs at 304.3 %².
By 3-year correlation, RYAM places #2036 of the 4755 assets tracked against QQQ. The last year tells two different stories: RYAM led by 33.2 percentage points, +26.3% for QQQ against +59.5% for RYAM. Risk is not evenly split, since RYAM carries 3.1 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 RYAM: side by side
| QQQ (Invesco QQQ Trust) | RYAM (Rayonier Advanced Materials Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +59.5% |
| 5-year return | +95.4% | +22.2% |
| Volatility (ann.) | 19.6% | 60.5% |
| Beta vs S&P 500 | 1.28 | 1.27 |
| Max drawdown (3Y) | -22.8% | -63.7% |
| Market cap | – | $0.6B |
| 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 | RYAM |
|---|---|---|
| 2022 | -32.6% | +68.1% |
| 2023 | +54.9% | -57.8% |
| 2024 | +25.6% | +103.7% |
| 2025 | +20.8% | -28.6% |
| 2026 | +17.7% | +43.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RYAM 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 RYAM?
The QQQ/RYAM correlation stands at 0.26 on a 3-year window (1 year: 0.15, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is RYAM 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?
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-ryam.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-ryam/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · RYAM correlations
