QQQ vs VRDN: Correlation
How closely do Invesco QQQ Trust (QQQ) and Viridian Therapeutics, Inc. (VRDN) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VRDN?
On 3 years of weekly data the QQQ/VRDN correlation comes out at 0.24, weak. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.24). The 5-year figure is 0.18, and annualized covariance runs at 319.8 %².
Among the 4755 assets we track against QQQ, VRDN ranks #2338 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +28.7% for VRDN. Risk is not evenly split, since VRDN carries 3.4 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 VRDN: side by side
| QQQ (Invesco QQQ Trust) | VRDN (Viridian Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +28.7% |
| 5-year return | +95.4% | +80.0% |
| Volatility (ann.) | 19.6% | 66.8% |
| Beta vs S&P 500 | 1.28 | 1.27 |
| Max drawdown (3Y) | -22.8% | -60.6% |
| Market cap | – | $2.7B |
| 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 | VRDN |
|---|---|---|
| 2022 | -32.6% | +47.7% |
| 2023 | +54.9% | -25.4% |
| 2024 | +25.6% | -12.0% |
| 2025 | +20.8% | +62.3% |
| 2026 | +17.7% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VRDN 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 VRDN?
As of 2026-08-27, the correlation of weekly returns between QQQ and VRDN is 0.24 over 3 years, 0.07 over 1 year and 0.18 over 5 years.
Is VRDN 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
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Related comparisons
Hubs: QQQ correlations · VRDN correlations
