QQQ vs VIG: Correlation & Overlap
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Vanguard Dividend Appreciation ETF (VIG) carry a correlation of 0.76, a strong link. The two funds also share 30.0% of their portfolios by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VIG?
Across a 3-year window, the weekly returns of QQQ and VIG correlate at 0.76, strong. The past 12 months show a weaker link (0.61) than the 3-year average (0.76). Stretching to 5 years gives 0.81, with an annualized covariance of 177.8 %².
By 3-year correlation, VIG places #47 of the 4755 assets tracked against QQQ. On 12-month performance QQQ holds a 9.2-point edge, +26.3% against +17.1%. On a rolling one-year basis the correlation drifted between 0.60 and 0.88, a moderate band. Note the risk asymmetry: QQQ runs 1.6 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 VIG: side by side
| QQQ (Invesco QQQ Trust) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +26.3% | +17.1% |
| 5-year return | +95.4% | +64.0% |
| Volatility (ann.) | 19.6% | 11.9% |
| Beta vs S&P 500 | 1.28 | 0.74 |
| Max drawdown (3Y) | -22.8% | -15.0% |
| Dividend yield | 0.44% | 1.50% |
| Expense ratio | 0.18% | 0.04% |
| Assets under management | $452.8B | $130.9B |
| Sector / category | ETF · US Growth & Tech | ETF · Dividend |
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. VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Portfolio overlap between QQQ and VIG
The two portfolios partially overlap. Weighing the shared positions, 30.0% of the two funds is identical, spread across 28 common holdings. That shared book is a large part of why the returns line up.
| Common holding | Weight in QQQ | Weight in VIG |
|---|---|---|
| AAPL | 7.39% | 4.47% |
| MSFT | 5.93% | 4.35% |
| AVGO | 2.71% | 4.65% |
| WMT | 2.26% | 2.12% |
| CSCO | 1.96% | 1.99% |
| COST | 1.88% | 1.83% |
| LRCX | 1.73% | 1.59% |
| TXN | 1.06% | 1.09% |
| KLAC | 1.07% | 1.04% |
| LIN | 1.01% | 0.96% |
| AMGN | 1.06% | 0.90% |
| PEP | 0.86% | 0.83% |
| ADI | 0.80% | 0.78% |
| GILD | 0.82% | 0.70% |
| QCOM | 0.77% | 0.68% |
Largest positions held only by QQQ: NVDA (8.15%), MU (4.69%), AMZN (4.50%), AMD (3.48%), GOOGL (3.20%). Only by VIG: JPM (4.09%), LLY (3.94%), XOM (2.80%), JNJ (2.68%), V (2.46%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 15 common positions shown.
Year-by-year returns
| Year | QQQ | VIG |
|---|---|---|
| 2022 | -32.6% | -9.8% |
| 2023 | +54.9% | +14.5% |
| 2024 | +25.6% | +17.0% |
| 2025 | +20.8% | +14.2% |
| 2026 | +17.7% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VIG good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QQQ and VIG?
As of 2026-08-27, the correlation of weekly returns between QQQ and VIG is 0.76 over 3 years, 0.61 over 1 year and 0.81 over 5 years.
Is VIG a good diversifier for QQQ?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
How much do QQQ and VIG overlap?
The two funds share 28 holdings amounting to 30.0% of weight, per issuer portfolio files dated 2026-08-26.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-vig.json
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Related comparisons
Hubs: QQQ correlations · VIG correlations
