QQQ vs VBF: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Invesco Bond Fund (VBF) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VBF?
Over the past 3 years, QQQ and VBF moved with a correlation of 0.24, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.48 versus 0.24 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 43.1 %².
By 3-year correlation, VBF places #2333 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 25.6 percentage points, +26.3% for QQQ against +0.7% for VBF. Risk is not evenly split, since QQQ carries 2.1 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 VBF: side by side
| QQQ (Invesco QQQ Trust) | VBF (Invesco Bond Fund) | |
|---|---|---|
| 1-year return | +26.3% | +0.7% |
| 5-year return | +95.4% | -4.4% |
| Volatility (ann.) | 19.6% | 9.2% |
| Beta vs S&P 500 | 1.28 | 0.19 |
| Max drawdown (3Y) | -22.8% | -11.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.44% | 5.72% |
| 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 | VBF |
|---|---|---|
| 2022 | -32.6% | -17.8% |
| 2023 | +54.9% | +2.3% |
| 2024 | +25.6% | +7.0% |
| 2025 | +20.8% | +5.5% |
| 2026 | +17.7% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VBF good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and VBF?
As of 2026-08-27, the correlation of weekly returns between QQQ and VBF is 0.24 over 3 years, 0.48 over 1 year and 0.23 over 5 years.
Is VBF a good diversifier for QQQ?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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-vbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-vbf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · VBF correlations
