QQQ vs VOYA: Correlation
How closely do Invesco QQQ Trust (QQQ) and Voya Financial, Inc. (VOYA) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VOYA?
Across a 3-year window, the weekly returns of QQQ and VOYA correlate at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.40 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 193.9 %².
By 3-year correlation, VOYA places #649 of the 4755 assets tracked against QQQ. Over the last 12 months VOYA came out ahead by 10.4 percentage points (+26.3% against +36.7%).
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 VOYA: side by side
| QQQ (Invesco QQQ Trust) | VOYA (Voya Financial, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +36.7% |
| 5-year return | +95.4% | +72.0% |
| Volatility (ann.) | 19.6% | 25.1% |
| Beta vs S&P 500 | 1.28 | 0.90 |
| Max drawdown (3Y) | -22.8% | -34.6% |
| Market cap | – | $9.2B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 0.44% | 1.83% |
| 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 | VOYA |
|---|---|---|
| 2022 | -32.6% | -6.1% |
| 2023 | +54.9% | +20.7% |
| 2024 | +25.6% | -3.4% |
| 2025 | +20.8% | +11.1% |
| 2026 | +17.7% | +38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VOYA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and VOYA?
As of 2026-08-27, the correlation of weekly returns between QQQ and VOYA is 0.40 over 3 years, 0.30 over 1 year and 0.42 over 5 years.
Is VOYA a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined 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.
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Related comparisons
Hubs: QQQ correlations · VOYA correlations
