QQQ vs RYTM: Correlation
Invesco QQQ Trust (QQQ) and Rhythm Pharmaceuticals, Inc. (RYTM) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and RYTM?
On 3 years of weekly data the QQQ/RYTM correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.44 over 3. The 5-year figure is 0.27, and annualized covariance runs at 508.3 %².
Among the 4755 assets we track against QQQ, RYTM ranks #456 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 16.3 points (+26.3% versus +10.0%). One caveat on sizing: RYTM is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RYTM: side by side
| QQQ (Invesco QQQ Trust) | RYTM (Rhythm Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +10.0% |
| 5-year return | +95.4% | +785.4% |
| Volatility (ann.) | 19.6% | 58.4% |
| Beta vs S&P 500 | 1.28 | 1.92 |
| Max drawdown (3Y) | -22.8% | -35.5% |
| Market cap | – | $7.7B |
| 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, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | RYTM |
|---|---|---|
| 2022 | -32.6% | +191.8% |
| 2023 | +54.9% | +57.9% |
| 2024 | +25.6% | +21.8% |
| 2025 | +20.8% | +91.2% |
| 2026 | +17.7% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and RYTM good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and RYTM?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.41 over the last year and 0.27 over 5 years.
Is RYTM a good diversifier for QQQ?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-rytm.json
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[](https://www.pairbook.io/pair/qqq-vs-rytm/)
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Related comparisons
Hubs: QQQ correlations · RYTM correlations
