QQQ vs VMI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Valmont Industries, Inc. (VMI) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VMI?
On 3 years of weekly data the QQQ/VMI correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 252.0 %².
By 3-year correlation, VMI places #647 of the 4755 assets tracked against QQQ. Neither side won the trailing year by much: +26.3% against +29.2%. Note the risk asymmetry: VMI runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VMI: side by side
| QQQ (Invesco QQQ Trust) | VMI (Valmont Industries, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +29.2% |
| 5-year return | +95.4% | +102.0% |
| Volatility (ann.) | 19.6% | 31.8% |
| Beta vs S&P 500 | 1.28 | 1.02 |
| Max drawdown (3Y) | -22.8% | -29.8% |
| Market cap | – | $9.3B |
| P/E (trailing) | – | 18.6 |
| Dividend yield | 0.44% | 0.61% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | VMI |
|---|---|---|
| 2022 | -32.6% | +33.1% |
| 2023 | +54.9% | -28.7% |
| 2024 | +25.6% | +32.5% |
| 2025 | +20.8% | +32.2% |
| 2026 | +17.7% | +19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VMI good diversifiers for each other?
Reasonably. At 0.40, QQQ and VMI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and VMI?
As of 2026-08-27, the correlation of weekly returns between QQQ and VMI is 0.40 over 3 years, 0.31 over 1 year and 0.43 over 5 years.
Is VMI a good diversifier for QQQ?
Reasonably. At 0.40, QQQ and VMI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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-vmi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-vmi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · VMI correlations
