QQQ vs VEEE: Correlation
Invesco QQQ Trust (QQQ) and Twin Vee PowerCats Co. (VEEE) show a near-zero relationship: their 3-year correlation of weekly returns is -0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VEEE?
On 3 years of weekly data the QQQ/VEEE correlation comes out at -0.09, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.21) than the 3-year average (-0.09). The 5-year figure is -0.02, and annualized covariance runs at -702.0 %².
Within QQQ's tracked universe of 4755 assets, VEEE comes in at #4714 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 112.6 points (+26.3% versus -86.3%). Note the risk asymmetry: VEEE runs 21.5 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 VEEE: side by side
| QQQ (Invesco QQQ Trust) | VEEE (Twin Vee PowerCats Co.) | |
|---|---|---|
| 1-year return | +26.3% | -86.3% |
| 5-year return | +95.4% | -99.4% |
| Volatility (ann.) | 19.6% | 421.0% |
| Beta vs S&P 500 | 1.28 | -1.03 |
| Max drawdown (3Y) | -22.8% | -99.3% |
| 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 |
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 | VEEE |
|---|---|---|
| 2022 | -32.6% | -54.4% |
| 2023 | +54.9% | -22.4% |
| 2024 | +25.6% | -61.3% |
| 2025 | +20.8% | -68.4% |
| 2026 | +17.7% | -84.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VEEE good diversifiers for each other?
Yes: at -0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and VEEE?
As of 2026-08-27, the correlation of weekly returns between QQQ and VEEE is -0.09 over 3 years, -0.21 over 1 year and -0.02 over 5 years.
Is VEEE a good diversifier for QQQ?
Yes: at -0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.09 mean?
A reading of -0.09 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · VEEE correlations
