QQQ vs VT: Correlation & Overlap
How closely do Invesco QQQ Trust (QQQ) and Vanguard Total World Stock ETF (VT) trade together? Their weekly returns over three years give a correlation of 0.90, which is very strong. The two funds also share 31.9% of their portfolios by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VT?
Over the past 3 years, QQQ and VT moved with a correlation of 0.90, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.88 lands near the 3-year figure. Over 5 years the correlation is 0.90, and the annualized covariance of weekly returns is 244.4 %².
By 3-year correlation, VT places #15 of the 4755 assets tracked against QQQ. Their 12-month results are close: +26.3% for QQQ against +22.7% for VT. The rolling one-year correlation stayed in a tight band between 0.80 and 0.95 over the past three years, which points to a structural rather than episodic relationship.
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 VT: side by side
| QQQ (Invesco QQQ Trust) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +26.3% | +22.7% |
| 5-year return | +95.4% | +67.7% |
| Volatility (ann.) | 19.6% | 13.9% |
| Beta vs S&P 500 | 1.28 | 0.92 |
| Max drawdown (3Y) | -22.8% | -16.5% |
| Dividend yield | 0.44% | 1.59% |
| Expense ratio | 0.18% | 0.06% |
| Assets under management | $452.8B | $97.9B |
| Sector / category | ETF · US Growth & Tech | ETF · Global |
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. VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Portfolio overlap between QQQ and VT
The two portfolios partially overlap. Weighing the shared positions, 31.9% of the two funds is identical, spread across 101 common holdings. That shared book is a large part of why the returns line up.
| Common holding | Weight in QQQ | Weight in VT |
|---|---|---|
| NVDA | 8.15% | 4.20% |
| AAPL | 7.39% | 4.00% |
| MSFT | 5.93% | 3.09% |
| AMZN | 4.50% | 2.36% |
| GOOGL | 3.20% | 1.89% |
| AVGO | 2.71% | 1.62% |
| GOOG | 2.97% | 1.49% |
| META | 2.74% | 1.10% |
| MU | 4.69% | 0.83% |
| TSLA | 2.77% | 0.81% |
| AMD | 3.48% | 0.69% |
| ASML | 0.71% | 0.57% |
| WMT | 2.26% | 0.44% |
| CSCO | 1.96% | 0.41% |
| COST | 1.88% | 0.38% |
Largest positions held only by QQQ: ARM (0.47%), NQU6 (0.12%), USD (0.09%). Only by VT: 2330 (1.61%), JPM (0.84%), LLY (0.82%), BRK.B (0.75%), 005930 (0.72%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 15 common positions shown.
Year-by-year returns
| Year | QQQ | VT |
|---|---|---|
| 2022 | -32.6% | -18.0% |
| 2023 | +54.9% | +22.0% |
| 2024 | +25.6% | +16.5% |
| 2025 | +20.8% | +22.4% |
| 2026 | +17.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VT good diversifiers for each other?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between QQQ and VT?
The QQQ/VT correlation stands at 0.90 on a 3-year window (1 year: 0.88, 5 years: 0.90), computed from weekly returns as of 2026-08-27.
Is VT a good diversifier for QQQ?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
How much do QQQ and VT overlap?
31.9% by weight, across 101 common holdings, based on issuer-disclosed portfolios as of 2026-08-26.
Use this data
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Related comparisons
Hubs: QQQ correlations · VT correlations
