QQQ vs VCYT: Correlation
Invesco QQQ Trust (QQQ) and Veracyte, Inc. (VCYT) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VCYT?
On 3 years of weekly data the QQQ/VCYT correlation comes out at 0.35, moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.35). The 5-year figure is 0.46, and annualized covariance runs at 368.1 %².
Within QQQ's tracked universe of 4755 assets, VCYT comes in at #1055 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VCYT ahead by 31.9 points (+26.3% versus +58.2%). Note the risk asymmetry: VCYT runs 2.7 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 VCYT: side by side
| QQQ (Invesco QQQ Trust) | VCYT (Veracyte, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +58.2% |
| 5-year return | +95.4% | -7.1% |
| Volatility (ann.) | 19.6% | 53.3% |
| Beta vs S&P 500 | 1.28 | 1.37 |
| Max drawdown (3Y) | -22.8% | -50.1% |
| Market cap | – | $3.6B |
| P/E (trailing) | – | 31.6 |
| Dividend yield | 0.44% | 0.00% |
| 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 | VCYT |
|---|---|---|
| 2022 | -32.6% | -42.4% |
| 2023 | +54.9% | +15.9% |
| 2024 | +25.6% | +43.9% |
| 2025 | +20.8% | +6.3% |
| 2026 | +17.7% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VCYT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and VCYT?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.16 over the last year and 0.46 over 5 years.
Is VCYT a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-vcyt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-vcyt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · VCYT correlations
