QQQ vs VANI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Vivani Medical, Inc. (VANI) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VANI?
Across a 3-year window, the weekly returns of QQQ and VANI correlate at 0.17, weak. The past 12 months show a tighter link (0.44) than the 3-year average (0.17). Stretching to 5 years gives 0.19, with an annualized covariance of 422.6 %².
Within QQQ's tracked universe of 4755 assets, VANI comes in at #3213 by 3-year correlation. Over the last 12 months QQQ came out ahead by 11.5 percentage points (+26.3% against +14.8%). One caveat on sizing: VANI is 6.3 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 VANI: side by side
| QQQ (Invesco QQQ Trust) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +14.8% |
| 5-year return | +95.4% | -87.4% |
| Volatility (ann.) | 19.6% | 123.8% |
| Beta vs S&P 500 | 1.28 | 1.29 |
| Max drawdown (3Y) | -22.8% | -77.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| 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 | VANI |
|---|---|---|
| 2022 | -32.6% | -82.6% |
| 2023 | +54.9% | +20.0% |
| 2024 | +25.6% | +13.7% |
| 2025 | +20.8% | +6.0% |
| 2026 | +17.7% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VANI good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and VANI?
The QQQ/VANI correlation stands at 0.17 on a 3-year window (1 year: 0.44, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is VANI a good diversifier for QQQ?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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/qqq-vs-vani.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-vani/)
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Related comparisons
Hubs: QQQ correlations · VANI correlations
