QQQ vs VKTX: Correlation
How closely do Invesco QQQ Trust (QQQ) and Viking Therapeutics, Inc. (VKTX) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VKTX?
On 3 years of weekly data the QQQ/VKTX correlation comes out at 0.24, weak. Little has changed lately, as the 1-year reading of 0.17 lands near the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 494.2 %².
Within QQQ's tracked universe of 4755 assets, VKTX comes in at #2336 by 3-year correlation. Their 12-month results are close: +26.3% for QQQ against +27.2% for VKTX. One caveat on sizing: VKTX is 5.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VKTX: side by side
| QQQ (Invesco QQQ Trust) | VKTX (Viking Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +27.2% |
| 5-year return | +95.4% | +417.7% |
| Volatility (ann.) | 19.6% | 105.3% |
| Beta vs S&P 500 | 1.28 | 1.66 |
| Max drawdown (3Y) | -22.8% | -78.9% |
| Market cap | – | $3.9B |
| 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, 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 | VKTX |
|---|---|---|
| 2022 | -32.6% | +104.3% |
| 2023 | +54.9% | +98.0% |
| 2024 | +25.6% | +116.2% |
| 2025 | +20.8% | -12.6% |
| 2026 | +17.7% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VKTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and VKTX?
The QQQ/VKTX correlation stands at 0.24 on a 3-year window (1 year: 0.17, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is VKTX a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-vktx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-vktx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · VKTX correlations
