QQQ vs VSTS: Correlation
Invesco QQQ Trust (QQQ) and Vestis Corporation (VSTS) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VSTS?
Over the past 3 years, QQQ and VSTS moved with a correlation of 0.13, which is weak. The link has loosened recently: the 1-year correlation (-0.08) runs below the 3-year figure (0.13). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 156.8 %².
Within QQQ's tracked universe of 4755 assets, VSTS comes in at #3602 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VSTS outperformed by 150.9 percentage points (+26.3% for QQQ against +177.2% for VSTS). Note the risk asymmetry: VSTS runs 3.1 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 VSTS: side by side
| QQQ (Invesco QQQ Trust) | VSTS (Vestis Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +177.2% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 61.1% |
| Beta vs S&P 500 | 1.28 | 0.98 |
| Max drawdown (3Y) | -22.8% | -81.6% |
| Market cap | – | $1.7B |
| 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 |
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 | VSTS |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | -27.2% |
| 2025 | +20.8% | -56.1% |
| 2026 | +17.7% | +91.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VSTS good diversifiers for each other?
Yes. With a correlation of 0.13, QQQ and VSTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and VSTS?
The QQQ/VSTS correlation stands at 0.13 on a 3-year window (1 year: -0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VSTS a good diversifier for QQQ?
Yes. With a correlation of 0.13, QQQ and VSTS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Hubs: QQQ correlations · VSTS correlations
