QQQ vs VST: Correlation
Invesco QQQ Trust (QQQ) and Vistra Corp. (VST) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VST?
Over the past 3 years, QQQ and VST moved with a correlation of 0.42, which is moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.42). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 436.8 %².
Within QQQ's tracked universe of 4755 assets, VST comes in at #537 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 54.1 points (+26.3% versus -27.8%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.13 to 0.65. Note the risk asymmetry: VST runs 2.7 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 VST: side by side
| QQQ (Invesco QQQ Trust) | VST (Vistra Corp.) | |
|---|---|---|
| 1-year return | +26.3% | -27.8% |
| 5-year return | +95.4% | +713.7% |
| Volatility (ann.) | 19.6% | 52.8% |
| Beta vs S&P 500 | 1.28 | 1.62 |
| Max drawdown (3Y) | -22.8% | -48.8% |
| Market cap | – | $46.9B |
| P/E (trailing) | – | 23.6 |
| Dividend yield | 0.44% | 0.65% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Utilities |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | VST |
|---|---|---|
| 2022 | -32.6% | +5.1% |
| 2023 | +54.9% | +70.7% |
| 2024 | +25.6% | +261.5% |
| 2025 | +20.8% | +17.7% |
| 2026 | +17.7% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VST good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and VST?
The QQQ/VST correlation stands at 0.42 on a 3-year window (1 year: 0.18, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is VST a good diversifier for QQQ?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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.
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Related comparisons
Hubs: QQQ correlations · VST correlations
