QQQ vs VEL: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Velocity Financial, Inc. (VEL) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VEL?
On 3 years of weekly data the QQQ/VEL correlation comes out at 0.17, weak. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.17). The 5-year figure is 0.24, and annualized covariance runs at 85.8 %².
Among the 4755 assets we track against QQQ, VEL ranks #3214 by 3-year correlation. The last year tells two different stories: QQQ led by 31.4 percentage points, +26.3% for QQQ against -5.1% for VEL.
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 VEL: side by side
| QQQ (Invesco QQQ Trust) | VEL (Velocity Financial, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -5.1% |
| 5-year return | +95.4% | +41.6% |
| Volatility (ann.) | 19.6% | 25.6% |
| Beta vs S&P 500 | 1.28 | 0.42 |
| Max drawdown (3Y) | -22.8% | -22.1% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 6.4 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | VEL |
|---|---|---|
| 2022 | -32.6% | -29.6% |
| 2023 | +54.9% | +78.4% |
| 2024 | +25.6% | +13.6% |
| 2025 | +20.8% | +6.1% |
| 2026 | +17.7% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VEL good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and VEL?
The QQQ/VEL correlation stands at 0.17 on a 3-year window (1 year: 0.02, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is VEL a good diversifier for QQQ?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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-vel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-vel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · VEL correlations
