QQQ vs VFS: Correlation
How closely do Invesco QQQ Trust (QQQ) and VinFast Auto Ltd. (VFS) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VFS?
Across a 3-year window, the weekly returns of QQQ and VFS correlate at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.28 over 3 years. Stretching to 5 years gives 0.08, with an annualized covariance of 406.4 %².
Within QQQ's tracked universe of 4755 assets, VFS comes in at #1790 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 35.8 points (+26.3% versus -9.5%). Note the risk asymmetry: VFS runs 3.8 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 VFS: side by side
| QQQ (Invesco QQQ Trust) | VFS (VinFast Auto Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | -9.5% |
| 5-year return | +95.4% | -67.8% |
| Volatility (ann.) | 19.6% | 75.2% |
| Beta vs S&P 500 | 1.28 | 1.62 |
| Max drawdown (3Y) | -22.8% | -97.1% |
| Market cap | – | $7.4B |
| 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 | VFS |
|---|---|---|
| 2022 | -32.6% | +3.2% |
| 2023 | +54.9% | -16.3% |
| 2024 | +25.6% | -51.9% |
| 2025 | +20.8% | -17.1% |
| 2026 | +17.7% | -5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VFS good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and VFS?
As of 2026-08-27, the correlation of weekly returns between QQQ and VFS is 0.28 over 3 years, 0.17 over 1 year and 0.08 over 5 years.
Is VFS a good diversifier for QQQ?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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-vfs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-vfs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · VFS correlations
