QQQ vs VRNS: Correlation
Invesco QQQ Trust (QQQ) and Varonis Systems, Inc. (VRNS) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VRNS?
Over the past 3 years, QQQ and VRNS moved with a correlation of 0.28, which is weak. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.28). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 274.6 %².
Within QQQ's tracked universe of 4755 assets, VRNS comes in at #1793 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 49.7 percentage points (+26.3% for QQQ against -23.4% for VRNS). Risk is not evenly split, since VRNS carries 2.6 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 VRNS: side by side
| QQQ (Invesco QQQ Trust) | VRNS (Varonis Systems, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -23.4% |
| 5-year return | +95.4% | -35.2% |
| Volatility (ann.) | 19.6% | 50.1% |
| Beta vs S&P 500 | 1.28 | 1.01 |
| Max drawdown (3Y) | -22.8% | -68.1% |
| Market cap | – | $5.1B |
| 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 | VRNS |
|---|---|---|
| 2022 | -32.6% | -50.9% |
| 2023 | +54.9% | +89.1% |
| 2024 | +25.6% | -1.9% |
| 2025 | +20.8% | -26.2% |
| 2026 | +17.7% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VRNS good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and VRNS?
The QQQ/VRNS correlation stands at 0.28 on a 3-year window (1 year: 0.17, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is VRNS a good diversifier for QQQ?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-vrns.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-vrns/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · VRNS correlations
