QQQ vs VLN: Correlation
How closely do Invesco QQQ Trust (QQQ) and Valens Semiconductor Ltd. (VLN) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VLN?
Across a 3-year window, the weekly returns of QQQ and VLN correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.43). Stretching to 5 years gives 0.38, with an annualized covariance of 658.7 %².
Within QQQ's tracked universe of 4755 assets, VLN comes in at #499 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 33.7 percentage points (+26.3% for QQQ against -7.4% for VLN). One caveat on sizing: VLN is 4.0 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 VLN: side by side
| QQQ (Invesco QQQ Trust) | VLN (Valens Semiconductor Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | -7.4% |
| 5-year return | +95.4% | -74.7% |
| Volatility (ann.) | 19.6% | 79.0% |
| Beta vs S&P 500 | 1.28 | 2.08 |
| Max drawdown (3Y) | -22.8% | -67.9% |
| Market cap | – | $0.2B |
| 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 | VLN |
|---|---|---|
| 2022 | -32.6% | -30.3% |
| 2023 | +54.9% | -54.4% |
| 2024 | +25.6% | +6.1% |
| 2025 | +20.8% | -45.4% |
| 2026 | +17.7% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VLN good diversifiers for each other?
Reasonably. At 0.43, QQQ and VLN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and VLN?
The QQQ/VLN correlation stands at 0.43 on a 3-year window (1 year: 0.65, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is VLN a good diversifier for QQQ?
Reasonably. At 0.43, QQQ and VLN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-vln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-vln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · VLN correlations
