QQQ vs VAL: Correlation
Invesco QQQ Trust (QQQ) and Valaris Limited (VAL) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VAL?
Across a 3-year window, the weekly returns of QQQ and VAL correlate at 0.15, weak. Lately the two have drifted apart, with the 1-year correlation at -0.11 versus 0.15 over 3 years. Stretching to 5 years gives 0.18, with an annualized covariance of 151.2 %².
By 3-year correlation, VAL places #3405 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months VAL outperformed by 47.0 percentage points (+26.3% for QQQ against +73.3% for VAL). One caveat on sizing: VAL is 2.7 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.
QQQ vs VAL: side by side
| QQQ (Invesco QQQ Trust) | VAL (Valaris Limited) | |
|---|---|---|
| 1-year return | +26.3% | +73.3% |
| 5-year return | +95.4% | +200.2% |
| Volatility (ann.) | 19.6% | 52.9% |
| Beta vs S&P 500 | 1.28 | 0.77 |
| Max drawdown (3Y) | -22.8% | -63.8% |
| Market cap | – | $5.9B |
| P/E (trailing) | – | 6.3 |
| 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 | VAL |
|---|---|---|
| 2022 | -32.6% | +87.8% |
| 2023 | +54.9% | +1.4% |
| 2024 | +25.6% | -35.5% |
| 2025 | +20.8% | +13.9% |
| 2026 | +17.7% | +69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VAL good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and VAL?
Using weekly returns as of 2026-08-27: 0.15 over 3 years, with -0.11 over the last year and 0.18 over 5 years.
Is VAL a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 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/qqq-vs-val.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-val/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · VAL correlations
