QQQ vs VNOM: Correlation
Invesco QQQ Trust (QQQ) and Viper Energy, Inc. (VNOM) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VNOM?
Over the past 3 years, QQQ and VNOM moved with a correlation of 0.09, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.24 versus 0.09 over 3 years. Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 55.5 %².
By 3-year correlation, VNOM places #3941 of the 4755 assets tracked against QQQ. Over the last 12 months QQQ came out ahead by 5.8 percentage points (+26.3% against +20.5%). Risk is not evenly split, since VNOM carries 1.6 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 VNOM: side by side
| QQQ (Invesco QQQ Trust) | VNOM (Viper Energy, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +20.5% |
| 5-year return | +95.4% | +230.6% |
| Volatility (ann.) | 19.6% | 31.8% |
| Beta vs S&P 500 | 1.28 | 0.33 |
| Max drawdown (3Y) | -22.8% | -34.5% |
| Market cap | – | $23.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 5.54% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | VNOM |
|---|---|---|
| 2022 | -32.6% | +61.7% |
| 2023 | +54.9% | +4.8% |
| 2024 | +25.6% | +65.5% |
| 2025 | +20.8% | -16.6% |
| 2026 | +17.7% | +20.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VNOM good diversifiers for each other?
Yes. With a correlation of 0.09, QQQ and VNOM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and VNOM?
The QQQ/VNOM correlation stands at 0.09 on a 3-year window (1 year: -0.24, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is VNOM a good diversifier for QQQ?
Yes. With a correlation of 0.09, QQQ and VNOM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
On the −1 to +1 scale, 0.09 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-vnom.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-vnom/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · VNOM correlations
