QQQ vs VTEX: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and VTEX Class A (VTEX) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VTEX?
Across a 3-year window, the weekly returns of QQQ and VTEX correlate at 0.24, weak. The link has loosened recently: the 1-year correlation (0.13) runs below the 3-year figure (0.24). Stretching to 5 years gives 0.41, with an annualized covariance of 207.0 %².
Among the 4755 assets we track against QQQ, VTEX ranks #2339 by 3-year correlation. The last year tells two different stories: QQQ led by 38.7 percentage points, +26.3% for QQQ against -12.4% for VTEX. Note the risk asymmetry: VTEX runs 2.3 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 VTEX: side by side
| QQQ (Invesco QQQ Trust) | VTEX (VTEX Class A) | |
|---|---|---|
| 1-year return | +26.3% | -12.4% |
| 5-year return | +95.4% | -86.1% |
| Volatility (ann.) | 19.6% | 44.3% |
| Beta vs S&P 500 | 1.28 | 0.67 |
| Max drawdown (3Y) | -22.8% | -69.5% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 22.1 |
| 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 | VTEX |
|---|---|---|
| 2022 | -32.6% | -65.0% |
| 2023 | +54.9% | +83.5% |
| 2024 | +25.6% | -14.4% |
| 2025 | +20.8% | -36.2% |
| 2026 | +17.7% | -6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VTEX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and VTEX?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.13 over the last year and 0.41 over 5 years.
Is VTEX a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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-vtex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-vtex/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · VTEX correlations
