QQQ vs VLTO: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Veralto (VLTO) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VLTO?
On 3 years of weekly data the QQQ/VLTO correlation comes out at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.36). The 5-year figure is n/a, and annualized covariance runs at 149.8 %².
Among the 4755 assets we track against QQQ, VLTO ranks #977 by 3-year correlation. The last year tells two different stories: QQQ led by 34.2 percentage points, +26.3% for QQQ against -7.9% for VLTO. The rolling one-year correlation moved between 0.14 and 0.60 over the past three years, a moderate range.
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 VLTO: side by side
| QQQ (Invesco QQQ Trust) | VLTO (Veralto) | |
|---|---|---|
| 1-year return | +26.3% | -7.9% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 21.2% |
| Beta vs S&P 500 | 1.28 | 0.66 |
| Max drawdown (3Y) | -22.8% | -27.1% |
| Market cap | – | $24.0B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.44% | 0.51% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Industrials |
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 | VLTO |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | +24.3% |
| 2025 | +20.8% | -1.6% |
| 2026 | +17.7% | -1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VLTO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and VLTO?
As of 2026-08-27, the correlation of weekly returns between QQQ and VLTO is 0.36 over 3 years, 0.15 over 1 year and n/a over 5 years.
Is VLTO a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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-vlto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-vlto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · VLTO correlations
