QQQ vs VET: Correlation
Invesco QQQ Trust (QQQ) and Vermilion Energy Inc. Common (Canada) (VET) show a near-zero relationship: their 3-year correlation of weekly returns is 0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VET?
Over the past 3 years, QQQ and VET moved with a correlation of 0.01, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.43) than the 3-year average (0.01). Over 5 years the correlation is 0.03, and the annualized covariance of weekly returns is 11.1 %².
Within QQQ's tracked universe of 4755 assets, VET comes in at #4450 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VET outperformed by 42.1 percentage points (+26.3% for QQQ against +68.4% for VET). Note the risk asymmetry: VET runs 2.2 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 VET: side by side
| QQQ (Invesco QQQ Trust) | VET (Vermilion Energy Inc. Common (Canada)) | |
|---|---|---|
| 1-year return | +26.3% | +68.4% |
| 5-year return | +95.4% | +115.2% |
| Volatility (ann.) | 19.6% | 43.6% |
| Beta vs S&P 500 | 1.28 | 0.31 |
| Max drawdown (3Y) | -22.8% | -63.4% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 4.32% |
| 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 | VET |
|---|---|---|
| 2022 | -32.6% | +42.1% |
| 2023 | +54.9% | -30.3% |
| 2024 | +25.6% | -19.4% |
| 2025 | +20.8% | -9.1% |
| 2026 | +17.7% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VET good diversifiers for each other?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and VET?
The QQQ/VET correlation stands at 0.01 on a 3-year window (1 year: -0.43, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is VET a good diversifier for QQQ?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.01 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 · VET correlations
