QQQ vs VMD: Correlation
How closely do Invesco QQQ Trust (QQQ) and Viemed Healthcare, Inc. (VMD) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VMD?
Over the past 3 years, QQQ and VMD moved with a correlation of 0.17, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.29 versus 0.17 over 3 years. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 133.9 %².
Among the 4755 assets we track against QQQ, VMD ranks #3217 by 3-year correlation. Their 12-month results are close: +26.3% for QQQ against +25.5% for VMD. Risk is not evenly split, since VMD carries 2.1 times the volatility of the other side.
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 VMD: side by side
| QQQ (Invesco QQQ Trust) | VMD (Viemed Healthcare, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +25.5% |
| 5-year return | +95.4% | +43.9% |
| Volatility (ann.) | 19.6% | 40.5% |
| Beta vs S&P 500 | 1.28 | 0.73 |
| Max drawdown (3Y) | -22.8% | -40.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 25.7 |
| Dividend yield | 0.44% | 0.00% |
| 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 | VMD |
|---|---|---|
| 2022 | -32.6% | +44.8% |
| 2023 | +54.9% | +3.8% |
| 2024 | +25.6% | +2.2% |
| 2025 | +20.8% | -7.4% |
| 2026 | +17.7% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VMD good diversifiers for each other?
Yes. With a correlation of 0.17, QQQ and VMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and VMD?
The QQQ/VMD correlation stands at 0.17 on a 3-year window (1 year: -0.29, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is VMD a good diversifier for QQQ?
Yes. With a correlation of 0.17, QQQ and VMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-vmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-vmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · VMD correlations
