QQQ vs VIAV: Correlation
Invesco QQQ Trust (QQQ) and Viavi Solutions Inc. (VIAV) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VIAV?
Across a 3-year window, the weekly returns of QQQ and VIAV correlate at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 315.1 %².
By 3-year correlation, VIAV places #1155 of the 4755 assets tracked against QQQ. The last year tells two different stories: VIAV led by 218.9 percentage points, +26.3% for QQQ against +245.2% for VIAV. Note the risk asymmetry: VIAV runs 2.4 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 VIAV: side by side
| QQQ (Invesco QQQ Trust) | VIAV (Viavi Solutions Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +245.2% |
| 5-year return | +95.4% | +132.5% |
| Volatility (ann.) | 19.6% | 47.3% |
| Beta vs S&P 500 | 1.28 | 1.14 |
| Max drawdown (3Y) | -22.8% | -41.7% |
| Market cap | – | $9.5B |
| 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 |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | VIAV |
|---|---|---|
| 2022 | -32.6% | -40.4% |
| 2023 | +54.9% | -4.2% |
| 2024 | +25.6% | +0.3% |
| 2025 | +20.8% | +76.4% |
| 2026 | +17.7% | +115.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VIAV good diversifiers for each other?
Reasonably. At 0.34, QQQ and VIAV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and VIAV?
As of 2026-08-27, the correlation of weekly returns between QQQ and VIAV is 0.34 over 3 years, 0.25 over 1 year and 0.42 over 5 years.
Is VIAV a good diversifier for QQQ?
Reasonably. At 0.34, QQQ and VIAV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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-viav.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-viav/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · VIAV correlations
