QQQ vs VECO: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Veeco Instruments Inc. (VECO) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VECO?
Across a 3-year window, the weekly returns of QQQ and VECO correlate at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.40 versus 0.57 over 3 years. Stretching to 5 years gives 0.58, with an annualized covariance of 547.2 %².
By 3-year correlation, VECO places #173 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with VECO ahead by 69.3 points (+26.3% versus +95.6%). One caveat on sizing: VECO is 2.5 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 VECO: side by side
| QQQ (Invesco QQQ Trust) | VECO (Veeco Instruments Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +95.6% |
| 5-year return | +95.4% | +105.2% |
| Volatility (ann.) | 19.6% | 49.1% |
| Beta vs S&P 500 | 1.28 | 1.57 |
| Max drawdown (3Y) | -22.8% | -64.2% |
| Market cap | – | $2.9B |
| P/E (trailing) | – | 120.4 |
| 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 | VECO |
|---|---|---|
| 2022 | -32.6% | -34.7% |
| 2023 | +54.9% | +67.0% |
| 2024 | +25.6% | -13.6% |
| 2025 | +20.8% | +6.6% |
| 2026 | +17.7% | +64.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VECO good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between QQQ and VECO?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.40 over the last year and 0.58 over 5 years.
Is VECO a good diversifier for QQQ?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-veco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-veco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · VECO correlations
