QQQ vs RYDE: Correlation
Invesco QQQ Trust (QQQ) and Ryde Group Ltd. Class A (RYDE) show a near-zero relationship: their 3-year correlation of weekly returns is -0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RYDE?
Across a 3-year window, the weekly returns of QQQ and RYDE correlate at -0.05, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus -0.05 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -214.3 %².
By 3-year correlation, RYDE places #4648 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months RYDE outperformed by 91.6 percentage points (+26.3% for QQQ against +117.9% for RYDE). Note the risk asymmetry: RYDE runs 11.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RYDE: side by side
| QQQ (Invesco QQQ Trust) | RYDE (Ryde Group Ltd. Class A) | |
|---|---|---|
| 1-year return | +26.3% | +117.9% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 224.8% |
| Beta vs S&P 500 | 1.28 | -0.77 |
| Max drawdown (3Y) | -22.8% | -99.1% |
| Market cap | – | $0.1B |
| 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 | RYDE |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -43.5% |
| 2026 | +17.7% | +147.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RYDE good diversifiers for each other?
By historical standards, yes. A correlation of -0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and RYDE?
Using weekly returns as of 2026-08-27: -0.05 over 3 years, with 0.13 over the last year and n/a over 5 years.
Is RYDE a good diversifier for QQQ?
By historical standards, yes. A correlation of -0.05 means the two rarely move for the same reasons.
What does a correlation of -0.05 mean?
On the −1 to +1 scale, -0.05 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-ryde.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: QQQ correlations · RYDE correlations
