QQQ vs RYN: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Rayonier Inc. REIT (RYN) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RYN?
On 3 years of weekly data the QQQ/RYN correlation comes out at 0.21, weak. Lately the two have drifted apart, with the 1-year correlation at -0.07 versus 0.21 over 3 years. The 5-year figure is 0.35, and annualized covariance runs at 102.7 %².
Within QQQ's tracked universe of 4755 assets, RYN comes in at #2732 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 39.4 points (+26.3% versus -13.1%).
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 RYN: side by side
| QQQ (Invesco QQQ Trust) | RYN (Rayonier Inc. REIT) | |
|---|---|---|
| 1-year return | +26.3% | -13.1% |
| 5-year return | +95.4% | -23.3% |
| Volatility (ann.) | 19.6% | 25.6% |
| Beta vs S&P 500 | 1.28 | 0.57 |
| Max drawdown (3Y) | -22.8% | -31.5% |
| Market cap | – | $6.2B |
| P/E (trailing) | – | 44.8 |
| Dividend yield | 0.44% | 5.12% |
| 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 | RYN |
|---|---|---|
| 2022 | -32.6% | -15.8% |
| 2023 | +54.9% | +5.8% |
| 2024 | +25.6% | -14.0% |
| 2025 | +20.8% | -8.0% |
| 2026 | +17.7% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RYN good diversifiers for each other?
Reasonably. At 0.21, QQQ and RYN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and RYN?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with -0.07 over the last year and 0.35 over 5 years.
Is RYN a good diversifier for QQQ?
Reasonably. At 0.21, QQQ and RYN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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-ryn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-ryn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · RYN correlations
