QQQ vs VGAS: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Verde Clean Fuels, Inc. (VGAS) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VGAS?
On 3 years of weekly data the QQQ/VGAS correlation comes out at 0.13, weak. The past 12 months show a tighter link (0.27) than the 3-year average (0.13). The 5-year figure is 0.07, and annualized covariance runs at 231.3 %².
Within QQQ's tracked universe of 4755 assets, VGAS comes in at #3600 by 3-year correlation. The last year tells two different stories: QQQ led by 80.8 percentage points, +26.3% for QQQ against -54.5% for VGAS. One caveat on sizing: VGAS is 4.8 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 VGAS: side by side
| QQQ (Invesco QQQ Trust) | VGAS (Verde Clean Fuels, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -54.5% |
| 5-year return | +95.4% | -86.2% |
| Volatility (ann.) | 19.6% | 94.3% |
| Beta vs S&P 500 | 1.28 | 0.91 |
| Max drawdown (3Y) | -22.8% | -82.3% |
| 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, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | VGAS |
|---|---|---|
| 2022 | -32.6% | -8.2% |
| 2023 | +54.9% | -74.1% |
| 2024 | +25.6% | +72.2% |
| 2025 | +20.8% | -49.3% |
| 2026 | +17.7% | -34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VGAS good diversifiers for each other?
Yes. With a correlation of 0.13, QQQ and VGAS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and VGAS?
The QQQ/VGAS correlation stands at 0.13 on a 3-year window (1 year: 0.27, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is VGAS a good diversifier for QQQ?
Yes. With a correlation of 0.13, QQQ and VGAS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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-vgas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-vgas/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · VGAS correlations
