QQQ vs VNRX: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and VolitionRX Limited (VNRX) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VNRX?
On 3 years of weekly data the QQQ/VNRX correlation comes out at 0.11, weak. Lately the two have moved closer together, with the 1-year correlation at 0.27 versus 0.11 over 3 years. The 5-year figure is 0.16, and annualized covariance runs at 209.9 %².
Within QQQ's tracked universe of 4755 assets, VNRX comes in at #3791 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 122.6 percentage points (+26.3% for QQQ against -96.3% for VNRX). Note the risk asymmetry: VNRX runs 5.2 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 VNRX: side by side
| QQQ (Invesco QQQ Trust) | VNRX (VolitionRX Limited) | |
|---|---|---|
| 1-year return | +26.3% | -96.3% |
| 5-year return | +95.4% | -99.2% |
| Volatility (ann.) | 19.6% | 101.1% |
| Beta vs S&P 500 | 1.28 | 0.87 |
| Max drawdown (3Y) | -22.8% | -98.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| 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 | VNRX |
|---|---|---|
| 2022 | -32.6% | -22.6% |
| 2023 | +54.9% | -70.4% |
| 2024 | +25.6% | -16.7% |
| 2025 | +20.8% | -56.7% |
| 2026 | +17.7% | -90.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VNRX good diversifiers for each other?
Yes. With a correlation of 0.11, QQQ and VNRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and VNRX?
As of 2026-08-27, the correlation of weekly returns between QQQ and VNRX is 0.11 over 3 years, 0.27 over 1 year and 0.16 over 5 years.
Is VNRX a good diversifier for QQQ?
Yes. With a correlation of 0.11, QQQ and VNRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
A reading of 0.11 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-vnrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-vnrx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · VNRX correlations
