QQQ vs V: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Visa Inc. (V) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and V?
Over the past 3 years, QQQ and V moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.41). Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 151.5 %².
By 3-year correlation, V places #585 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.1 percentage points (+26.3% for QQQ against +9.2% for V). The relationship is regime-dependent: the rolling one-year correlation swung between 0.12 and 0.64 over the past three years, so this pair behaves very differently depending on the market environment.
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 V: side by side
| QQQ (Invesco QQQ Trust) | V (Visa Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +9.2% |
| 5-year return | +95.4% | +70.5% |
| Volatility (ann.) | 19.6% | 19.1% |
| Beta vs S&P 500 | 1.28 | 0.72 |
| Max drawdown (3Y) | -22.8% | -20.4% |
| Market cap | – | $708.8B |
| P/E (trailing) | – | 32.7 |
| Dividend yield | 0.44% | 0.70% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Financials |
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 | QQQ | V |
|---|---|---|
| 2022 | -32.6% | -3.4% |
| 2023 | +54.9% | +26.3% |
| 2024 | +25.6% | +22.3% |
| 2025 | +20.8% | +11.8% |
| 2026 | +17.7% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and V good diversifiers for each other?
Reasonably. At 0.41, QQQ and V keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and V?
As of 2026-08-27, the correlation of weekly returns between QQQ and V is 0.41 over 3 years, 0.12 over 1 year and 0.51 over 5 years.
Is V a good diversifier for QQQ?
Reasonably. At 0.41, QQQ and V keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · V correlations
