QQQ vs VERA: Correlation
Invesco QQQ Trust (QQQ) and Vera Therapeutics, Inc. (VERA) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VERA?
Across a 3-year window, the weekly returns of QQQ and VERA correlate at 0.20, weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. Stretching to 5 years gives 0.16, with an annualized covariance of 348.9 %².
Within QQQ's tracked universe of 4755 assets, VERA comes in at #2866 by 3-year correlation. The last year tells two different stories: VERA led by 30.8 percentage points, +26.3% for QQQ against +57.1% for VERA. One caveat on sizing: VERA is 4.5 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 VERA: side by side
| QQQ (Invesco QQQ Trust) | VERA (Vera Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +57.1% |
| 5-year return | +95.4% | +133.8% |
| Volatility (ann.) | 19.6% | 87.9% |
| Beta vs S&P 500 | 1.28 | 1.47 |
| Max drawdown (3Y) | -22.8% | -62.1% |
| Market cap | – | $2.5B |
| 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 |
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 | VERA |
|---|---|---|
| 2022 | -32.6% | -27.6% |
| 2023 | +54.9% | -20.5% |
| 2024 | +25.6% | +175.0% |
| 2025 | +20.8% | +19.7% |
| 2026 | +17.7% | -31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VERA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and VERA?
The QQQ/VERA correlation stands at 0.20 on a 3-year window (1 year: 0.18, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is VERA a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 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.
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Related comparisons
Hubs: QQQ correlations · VERA correlations
