ACV vs QQQ: Correlation
How closely do Virtus Diversified Income & Convertible Fund (ACV) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACV and QQQ?
Across a 3-year window, the weekly returns of ACV and QQQ correlate at 0.71, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Stretching to 5 years gives 0.69, with an annualized covariance of 271.3 %².
Among the 17 assets we track against ACV, QQQ ranks #8 by 3-year correlation. Neither side won the trailing year by much: +27.4% against +26.3%.
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.
ACV vs QQQ: side by side
| ACV (Virtus Diversified Income & Convertible Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +27.4% | +26.3% |
| 5-year return | +45.0% | +95.4% |
| Volatility (ann.) | 19.4% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -23.5% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 5.1 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
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 | ACV | QQQ |
|---|---|---|
| 2022 | -36.0% | -32.6% |
| 2023 | +26.0% | +54.9% |
| 2024 | +15.4% | +25.6% |
| 2025 | +33.7% | +20.8% |
| 2026 | +7.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACV and QQQ good diversifiers for each other?
Only partially. A correlation of 0.71 means ACV and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ACV and QQQ?
As of 2026-08-27, the correlation of weekly returns between ACV and QQQ is 0.71 over 3 years, 0.76 over 1 year and 0.69 over 5 years.
Is QQQ a good diversifier for ACV?
Only partially. A correlation of 0.71 means ACV and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 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/acv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acv-vs-qqq/)
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Related comparisons
Hubs: ACV correlations · QQQ correlations
