QQQ vs VLY: Correlation
Invesco QQQ Trust (QQQ) and Valley National Bancorp (VLY) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VLY?
On 3 years of weekly data the QQQ/VLY correlation comes out at 0.28, weak. Little has changed lately, as the 1-year reading of 0.21 lands near the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 179.2 %².
Among the 4755 assets we track against QQQ, VLY ranks #1791 by 3-year correlation. The trailing year gives VLY the advantage: +26.3% versus +37.9%, a 11.6-point spread. One caveat on sizing: VLY is 1.7 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 VLY: side by side
| QQQ (Invesco QQQ Trust) | VLY (Valley National Bancorp) | |
|---|---|---|
| 1-year return | +26.3% | +37.9% |
| 5-year return | +95.4% | +32.9% |
| Volatility (ann.) | 19.6% | 32.8% |
| Beta vs S&P 500 | 1.28 | 0.93 |
| Max drawdown (3Y) | -22.8% | -39.5% |
| Market cap | – | $7.7B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.44% | 3.12% |
| 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 | VLY |
|---|---|---|
| 2022 | -32.6% | -14.6% |
| 2023 | +54.9% | +0.7% |
| 2024 | +25.6% | -11.9% |
| 2025 | +20.8% | +34.8% |
| 2026 | +17.7% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VLY good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and VLY?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.21 over the last year and 0.34 over 5 years.
Is VLY a good diversifier for QQQ?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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-vly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-vly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · VLY correlations
