QQQ vs VERI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Veritone, Inc. (VERI) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VERI?
Over the past 3 years, QQQ and VERI moved with a correlation of 0.33, which is moderate. The link has tightened recently: the 1-year correlation (0.47) runs above the 3-year figure (0.33). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 772.9 %².
Among the 4755 assets we track against QQQ, VERI ranks #1243 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 99.3 percentage points (+26.3% for QQQ against -73.0% for VERI). One caveat on sizing: VERI is 6.1 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 VERI: side by side
| QQQ (Invesco QQQ Trust) | VERI (Veritone, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -73.0% |
| 5-year return | +95.4% | -95.9% |
| Volatility (ann.) | 19.6% | 118.8% |
| Beta vs S&P 500 | 1.28 | 2.91 |
| Max drawdown (3Y) | -22.8% | -90.5% |
| Market cap | – | $0.1B |
| 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 | VERI |
|---|---|---|
| 2022 | -32.6% | -76.4% |
| 2023 | +54.9% | -65.8% |
| 2024 | +25.6% | +81.2% |
| 2025 | +20.8% | +41.8% |
| 2026 | +17.7% | -82.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VERI good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and VERI?
As of 2026-08-27, the correlation of weekly returns between QQQ and VERI is 0.33 over 3 years, 0.47 over 1 year and 0.39 over 5 years.
Is VERI a good diversifier for QQQ?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 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 · VERI correlations
