QQQ vs VMC: Correlation
How closely do Invesco QQQ Trust (QQQ) and Vulcan Materials Company (VMC) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VMC?
Over the past 3 years, QQQ and VMC moved with a correlation of 0.41, which is moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.41). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 201.0 %².
By 3-year correlation, VMC places #586 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 31.5 percentage points (+26.3% for QQQ against -5.2% for VMC). Across three years, the rolling one-year figure varied moderately, from 0.18 to 0.59.
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 VMC: side by side
| QQQ (Invesco QQQ Trust) | VMC (Vulcan Materials Company) | |
|---|---|---|
| 1-year return | +26.3% | -5.2% |
| 5-year return | +95.4% | +53.2% |
| Volatility (ann.) | 19.6% | 25.2% |
| Beta vs S&P 500 | 1.28 | 0.82 |
| Max drawdown (3Y) | -22.8% | -24.4% |
| Market cap | – | $35.5B |
| P/E (trailing) | – | 32.3 |
| Dividend yield | 0.44% | 0.74% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Materials |
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 | VMC |
|---|---|---|
| 2022 | -32.6% | -14.9% |
| 2023 | +54.9% | +30.8% |
| 2024 | +25.6% | +14.1% |
| 2025 | +20.8% | +11.7% |
| 2026 | +17.7% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VMC good diversifiers for each other?
Reasonably. At 0.41, QQQ and VMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and VMC?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.24 over the last year and 0.48 over 5 years.
Is VMC a good diversifier for QQQ?
Reasonably. At 0.41, QQQ and VMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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
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Related comparisons
Hubs: QQQ correlations · VMC correlations
