QQQ vs VRAX: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Virax Biolabs Group Limited (VRAX) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VRAX?
Across a 3-year window, the weekly returns of QQQ and VRAX correlate at 0.24, weak. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Stretching to 5 years gives 0.18, with an annualized covariance of 756.3 %².
Among the 4755 assets we track against QQQ, VRAX ranks #2337 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 106.5 percentage points (+26.3% for QQQ against -80.2% for VRAX). One caveat on sizing: VRAX is 8.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VRAX: side by side
| QQQ (Invesco QQQ Trust) | VRAX (Virax Biolabs Group Limited) | |
|---|---|---|
| 1-year return | +26.3% | -80.2% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 158.1% |
| Beta vs S&P 500 | 1.28 | 2.55 |
| Max drawdown (3Y) | -22.8% | -98.4% |
| 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 |
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 | VRAX |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | -80.0% |
| 2024 | +25.6% | +54.1% |
| 2025 | +20.8% | -84.6% |
| 2026 | +17.7% | -66.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VRAX good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and VRAX?
The QQQ/VRAX correlation stands at 0.24 on a 3-year window (1 year: 0.29, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is VRAX a good diversifier for QQQ?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
A reading of 0.24 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-vrax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-vrax/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · VRAX correlations
