QQQ vs VIK: Correlation
Invesco QQQ Trust (QQQ) and Viking Holdings Ltd (VIK) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VIK?
On 3 years of weekly data the QQQ/VIK correlation comes out at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.46 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 312.3 %².
By 3-year correlation, VIK places #393 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with VIK ahead by 16.4 points (+26.3% versus +42.7%). Note the risk asymmetry: VIK runs 1.7 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 VIK: side by side
| QQQ (Invesco QQQ Trust) | VIK (Viking Holdings Ltd) | |
|---|---|---|
| 1-year return | +26.3% | +42.7% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 33.6% |
| Beta vs S&P 500 | 1.28 | 1.31 |
| Max drawdown (3Y) | -22.8% | -35.4% |
| Market cap | – | $40.1B |
| P/E (trailing) | – | 30.0 |
| 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 | VIK |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | +62.1% |
| 2026 | +17.7% | +25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VIK good diversifiers for each other?
Reasonably. At 0.46, QQQ and VIK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and VIK?
As of 2026-08-27, the correlation of weekly returns between QQQ and VIK is 0.46 over 3 years, 0.31 over 1 year and n/a over 5 years.
Is VIK a good diversifier for QQQ?
Reasonably. At 0.46, QQQ and VIK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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-vik.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-vik/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · VIK correlations
