QQQ vs VGZ: Correlation
How closely do Invesco QQQ Trust (QQQ) and Vista Gold Corp (VGZ) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VGZ?
Across a 3-year window, the weekly returns of QQQ and VGZ correlate at 0.23, weak. The link has tightened recently: the 1-year correlation (0.39) runs above the 3-year figure (0.23). Stretching to 5 years gives 0.24, with an annualized covariance of 352.4 %².
Within QQQ's tracked universe of 4755 assets, VGZ comes in at #2454 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VGZ ahead by 78.0 points (+26.3% versus +104.3%). Note the risk asymmetry: VGZ runs 3.9 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 VGZ: side by side
| QQQ (Invesco QQQ Trust) | VGZ (Vista Gold Corp) | |
|---|---|---|
| 1-year return | +26.3% | +104.3% |
| 5-year return | +95.4% | +197.5% |
| Volatility (ann.) | 19.6% | 77.0% |
| Beta vs S&P 500 | 1.28 | 1.31 |
| Max drawdown (3Y) | -22.8% | -49.5% |
| Market cap | – | – |
| 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 | VGZ |
|---|---|---|
| 2022 | -32.6% | -29.6% |
| 2023 | +54.9% | -10.0% |
| 2024 | +25.6% | +24.4% |
| 2025 | +20.8% | +251.8% |
| 2026 | +17.7% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VGZ good diversifiers for each other?
Reasonably. At 0.23, QQQ and VGZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and VGZ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.39 over the last year and 0.24 over 5 years.
Is VGZ a good diversifier for QQQ?
Reasonably. At 0.23, QQQ and VGZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-vgz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-vgz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · VGZ correlations
