QQQ vs VSXY: Correlation
Invesco QQQ Trust (QQQ) and Victorias Secret & Co. (VSXY) 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 VSXY?
On 3 years of weekly data the QQQ/VSXY correlation comes out at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.28 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 398.9 %².
Within QQQ's tracked universe of 4755 assets, VSXY comes in at #1794 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VSXY outperformed by 267.5 percentage points (+26.3% for QQQ against +293.8% for VSXY). Note the risk asymmetry: VSXY runs 3.8 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 VSXY: side by side
| QQQ (Invesco QQQ Trust) | VSXY (Victorias Secret & Co.) | |
|---|---|---|
| 1-year return | +26.3% | +293.8% |
| 5-year return | +95.4% | +34.1% |
| Volatility (ann.) | 19.6% | 74.0% |
| Beta vs S&P 500 | 1.28 | 1.73 |
| Max drawdown (3Y) | -22.8% | -69.5% |
| Market cap | – | $7.1B |
| P/E (trailing) | – | 35.7 |
| 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 | VSXY |
|---|---|---|
| 2022 | -32.6% | -35.6% |
| 2023 | +54.9% | -25.8% |
| 2024 | +25.6% | +56.1% |
| 2025 | +20.8% | +30.8% |
| 2026 | +17.7% | +65.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VSXY 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 VSXY?
As of 2026-08-27, the correlation of weekly returns between QQQ and VSXY is 0.28 over 3 years, 0.10 over 1 year and 0.34 over 5 years.
Is VSXY 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?
On the −1 to +1 scale, 0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-vsxy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-vsxy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · VSXY correlations
