QQQ vs VEEV: Correlation
Invesco QQQ Trust (QQQ) and Veeva Systems (VEEV) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VEEV?
Over the past 3 years, QQQ and VEEV moved with a correlation of 0.32, which is moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.32). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 246.6 %².
By 3-year correlation, VEEV places #1349 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 30.2 percentage points, +26.3% for QQQ against -3.9% for VEEV. Across three years, the rolling one-year figure varied moderately, from 0.18 to 0.66. One caveat on sizing: VEEV is 2.0 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 VEEV: side by side
| QQQ (Invesco QQQ Trust) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +26.3% | -3.9% |
| 5-year return | +95.4% | -15.2% |
| Volatility (ann.) | 19.6% | 40.0% |
| Beta vs S&P 500 | 1.28 | 0.99 |
| Max drawdown (3Y) | -22.8% | -50.5% |
| Market cap | – | $45.8B |
| P/E (trailing) | – | 46.3 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Health Care |
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 | VEEV |
|---|---|---|
| 2022 | -32.6% | -36.8% |
| 2023 | +54.9% | +19.3% |
| 2024 | +25.6% | +9.2% |
| 2025 | +20.8% | +6.2% |
| 2026 | +17.7% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VEEV good diversifiers for each other?
Reasonably. At 0.32, QQQ and VEEV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and VEEV?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.21 over the last year and 0.48 over 5 years.
Is VEEV a good diversifier for QQQ?
Reasonably. At 0.32, QQQ and VEEV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · VEEV correlations
