QQQ vs VKI: Correlation
Invesco QQQ Trust (QQQ) and Invesco Advantage Municipal Income Trust II (VKI) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VKI?
Across a 3-year window, the weekly returns of QQQ and VKI correlate at 0.30, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.48 versus 0.30 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 80.8 %².
By 3-year correlation, VKI places #1545 of the 4755 assets tracked against QQQ. The trailing year gives QQQ the advantage: +26.3% versus +15.7%, a 10.6-point spread.
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 VKI: side by side
| QQQ (Invesco QQQ Trust) | VKI (Invesco Advantage Municipal Income Trust II) | |
|---|---|---|
| 1-year return | +26.3% | +15.7% |
| 5-year return | +95.4% | -5.1% |
| Volatility (ann.) | 19.6% | 13.9% |
| Beta vs S&P 500 | 1.28 | 0.32 |
| Max drawdown (3Y) | -22.8% | -12.4% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 35.6 |
| Dividend yield | 0.44% | 7.50% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | VKI |
|---|---|---|
| 2022 | -32.6% | -25.5% |
| 2023 | +54.9% | +3.1% |
| 2024 | +25.6% | +10.2% |
| 2025 | +20.8% | +12.8% |
| 2026 | +17.7% | +2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VKI good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and VKI?
As of 2026-08-27, the correlation of weekly returns between QQQ and VKI is 0.30 over 3 years, 0.48 over 1 year and 0.37 over 5 years.
Is VKI a good diversifier for QQQ?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 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-vki.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-vki/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · VKI correlations
