QQQ vs VGI: Correlation
How closely do Invesco QQQ Trust (QQQ) and Virtus Global Multi-Sector Income Fund (VGI) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VGI?
Over the past 3 years, QQQ and VGI moved with a correlation of 0.45, which is moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.45). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 89.6 %².
By 3-year correlation, VGI places #423 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 22.5 points (+26.3% versus +3.8%). Note the risk asymmetry: QQQ runs 1.9 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 VGI: side by side
| QQQ (Invesco QQQ Trust) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | +26.3% | +3.8% |
| 5-year return | +95.4% | +11.9% |
| Volatility (ann.) | 19.6% | 10.3% |
| Beta vs S&P 500 | 1.28 | 0.38 |
| Max drawdown (3Y) | -22.8% | -11.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 7.8 |
| 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 | VGI |
|---|---|---|
| 2022 | -32.6% | -22.3% |
| 2023 | +54.9% | +13.4% |
| 2024 | +25.6% | +10.4% |
| 2025 | +20.8% | +16.1% |
| 2026 | +17.7% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VGI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and VGI?
As of 2026-08-27, the correlation of weekly returns between QQQ and VGI is 0.45 over 3 years, 0.67 over 1 year and 0.53 over 5 years.
Is VGI a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · VGI correlations
