QUAL vs ROL: Correlation
Measured on weekly returns over the past three years, iShares MSCI USA Quality Factor ETF (QUAL) and Rollins, Inc. (ROL) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUAL and ROL?
Across a 3-year window, the weekly returns of QUAL and ROL correlate at 0.36, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.36 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 116.0 %².
Among the 106 assets we track against QUAL, ROL ranks #93 by 3-year correlation. The last year tells two different stories: QUAL led by 55.4 percentage points, +19.7% for QUAL against -35.7% for ROL. The rolling one-year correlation moved between 0.22 and 0.56 over the past three years, a moderate range. One caveat on sizing: ROL is 1.7 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.
QUAL vs ROL: side by side
| QUAL (iShares MSCI USA Quality Factor ETF) | ROL (Rollins, Inc.) | |
|---|---|---|
| 1-year return | +19.7% | -35.7% |
| 5-year return | +68.0% | -1.8% |
| Volatility (ann.) | 14.0% | 23.2% |
| Beta vs S&P 500 | 0.93 | 0.51 |
| Max drawdown (3Y) | -18.0% | -44.6% |
| Market cap | – | $17.3B |
| P/E (trailing) | – | 32.7 |
| Dividend yield | 0.86% | 1.94% |
| Expense ratio | 0.15% | – |
| Assets under management | $46.5B | – |
| Sector / category | ETF · US Style | Industrials |
QUAL, iShares's Large Blend fund, carries $46.5B under management, 123 holdings, a 0.15% expense ratio, a 0.86% trailing dividend yield.
Year-by-year returns
| Year | QUAL | ROL |
|---|---|---|
| 2022 | -20.5% | +8.1% |
| 2023 | +30.9% | +21.2% |
| 2024 | +22.3% | +7.6% |
| 2025 | +12.7% | +31.1% |
| 2026 | +13.5% | -39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
ROL represents 0.09% of QUAL's portfolio, so part of any move in QUAL is ROL itself, and the correlation between them is partly mechanical.
Are QUAL and ROL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QUAL and ROL?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.31 over the last year and 0.44 over 5 years.
Is ROL a good diversifier for QUAL?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/qual-vs-rol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qual-vs-rol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QUAL correlations · ROL correlations
