QQQ vs VBIO: Correlation
Invesco QQQ Trust (QQQ) and Valion Bio, Inc. (VBIO) 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 VBIO?
Over the past 3 years, QQQ and VBIO moved with a correlation of 0.15, which is weak. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 430.2 %².
By 3-year correlation, VBIO places #3406 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 122.3 percentage points (+26.3% for QQQ against -96.0% for VBIO). Note the risk asymmetry: VBIO runs 7.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VBIO: side by side
| QQQ (Invesco QQQ Trust) | VBIO (Valion Bio, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -96.0% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 147.8% |
| Beta vs S&P 500 | 1.28 | 1.27 |
| Max drawdown (3Y) | -22.8% | -99.8% |
| Market cap | – | – |
| 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 | VBIO |
|---|---|---|
| 2022 | -32.6% | -83.5% |
| 2023 | +54.9% | -97.2% |
| 2024 | +25.6% | -80.8% |
| 2025 | +20.8% | -75.3% |
| 2026 | +17.7% | -91.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VBIO good diversifiers for each other?
Yes. With a correlation of 0.15, QQQ and VBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and VBIO?
As of 2026-08-27, the correlation of weekly returns between QQQ and VBIO is 0.15 over 3 years, 0.25 over 1 year and 0.10 over 5 years.
Is VBIO a good diversifier for QQQ?
Yes. With a correlation of 0.15, QQQ and VBIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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
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Related comparisons
Hubs: QQQ correlations · VBIO correlations
