QQQ vs VALU: Correlation
How closely do Invesco QQQ Trust (QQQ) and Value Line, Inc. (VALU) trade together? Their weekly returns over three years give a correlation of 0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VALU?
Over the past 3 years, QQQ and VALU moved with a correlation of 0.09, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.03) sits close to the 3-year figure. Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 68.5 %².
Within QQQ's tracked universe of 4755 assets, VALU comes in at #3938 by 3-year correlation. The last year tells two different stories: QQQ led by 25.6 percentage points, +26.3% for QQQ against +0.7% for VALU. Risk is not evenly split, since VALU carries 2.0 times the volatility of the other side.
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 VALU: side by side
| QQQ (Invesco QQQ Trust) | VALU (Value Line, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +0.7% |
| 5-year return | +95.4% | +11.4% |
| Volatility (ann.) | 19.6% | 39.5% |
| Beta vs S&P 500 | 1.28 | 0.29 |
| Max drawdown (3Y) | -22.8% | -40.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 16.1 |
| Dividend yield | 0.44% | 3.58% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | VALU |
|---|---|---|
| 2022 | -32.6% | +10.3% |
| 2023 | +54.9% | -1.9% |
| 2024 | +25.6% | +11.3% |
| 2025 | +20.8% | -24.9% |
| 2026 | +17.7% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VALU good diversifiers for each other?
Yes. With a correlation of 0.09, QQQ and VALU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and VALU?
Using weekly returns as of 2026-08-27: 0.09 over 3 years, with 0.03 over the last year and 0.12 over 5 years.
Is VALU a good diversifier for QQQ?
Yes. With a correlation of 0.09, QQQ and VALU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 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.
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Related comparisons
Hubs: QQQ correlations · VALU correlations
