EVTL vs QQQ: Correlation
Vertical Aerospace Ltd. (EVTL) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVTL and QQQ?
Over the past 3 years, EVTL and QQQ moved with a correlation of 0.31, which is moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.31). Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 816.5 %².
QQQ is close to the least connected end of EVTL's tracked universe, ranking #10 of 13. The last year tells two different stories: QQQ led by 111.4 percentage points, -85.1% for EVTL against +26.3% for QQQ. One caveat on sizing: EVTL is 6.9 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.
EVTL vs QQQ: side by side
| EVTL (Vertical Aerospace Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -85.1% | +26.3% |
| 5-year return | -99.2% | +95.4% |
| Volatility (ann.) | 135.6% | 19.6% |
| Beta vs S&P 500 | 3.07 | 1.28 |
| Max drawdown (3Y) | -95.9% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| 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 | EVTL | QQQ |
|---|---|---|
| 2022 | -49.6% | -32.6% |
| 2023 | -79.7% | +54.9% |
| 2024 | +82.8% | +25.6% |
| 2025 | -57.6% | +20.8% |
| 2026 | -86.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVTL and QQQ good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EVTL and QQQ?
As of 2026-08-27, the correlation of weekly returns between EVTL and QQQ is 0.31 over 3 years, 0.53 over 1 year and 0.17 over 5 years.
Is QQQ a good diversifier for EVTL?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/evtl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evtl-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVTL correlations · QQQ correlations
