QQQ vs VTI: Correlation & Overlap
How closely do Invesco QQQ Trust (QQQ) and Vanguard Total Stock Market ETF (VTI) trade together? Their weekly returns over three years give a correlation of 0.94, which is very strong. By holdings, the two funds overlap 47.7% by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VTI?
On 3 years of weekly data the QQQ/VTI correlation comes out at 0.94, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.93 lands near the 3-year figure. The 5-year figure is 0.94, and annualized covariance runs at 267.7 %².
Among the 4755 assets we track against QQQ, VTI ranks #8 by 3-year correlation. The trailing year gives QQQ the advantage: +26.3% versus +20.7%, a 5.6-point spread. The rolling one-year correlation stayed in a tight band between 0.87 and 0.97 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 VTI: side by side
| QQQ (Invesco QQQ Trust) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +26.3% | +20.7% |
| 5-year return | +95.4% | +74.8% |
| Volatility (ann.) | 19.6% | 14.6% |
| Beta vs S&P 500 | 1.28 | 1.01 |
| Max drawdown (3Y) | -22.8% | -19.3% |
| Dividend yield | 0.44% | 1.06% |
| Expense ratio | 0.18% | 0.03% |
| Assets under management | $452.8B | $2,290.0B |
| Sector / category | ETF · US Growth & Tech | ETF · US Large Cap |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield. VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Portfolio overlap between QQQ and VTI
The two portfolios overlap heavily: 47.7% of the funds' weight sits in the same underlying holdings (92 common positions). Correlation tells you they move together; overlap tells you why.
| Common holding | Weight in QQQ | Weight in VTI |
|---|---|---|
| NVDA | 8.15% | 6.42% |
| AAPL | 7.39% | 6.31% |
| MSFT | 5.93% | 4.80% |
| AMZN | 4.50% | 3.66% |
| GOOGL | 3.20% | 2.91% |
| AVGO | 2.71% | 2.56% |
| GOOG | 2.97% | 2.32% |
| META | 2.74% | 1.70% |
| MU | 4.69% | 1.29% |
| TSLA | 2.77% | 1.22% |
| AMD | 3.48% | 1.08% |
| WMT | 2.26% | 0.68% |
| COST | 1.88% | 0.59% |
| CSCO | 1.96% | 0.57% |
| AMAT | 1.69% | 0.56% |
Largest positions held only by QQQ: SHOP (0.81%), ASML (0.71%), ARM (0.47%), MELI (0.44%), PDD (0.26%). Only by VTI: LLY (1.36%), JPM (1.31%), BRK.B (1.28%), XOM (0.90%), JNJ (0.86%).
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 | VTI |
|---|---|---|
| 2022 | -32.6% | -19.5% |
| 2023 | +54.9% | +26.0% |
| 2024 | +25.6% | +23.8% |
| 2025 | +20.8% | +17.1% |
| 2026 | +17.7% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VTI good diversifiers for each other?
Not really. At 0.94, the two trade almost as one position, and owning both buys little extra protection. They also hold much of the same portfolio (47.7% overlap), so the exposure is doubly redundant.
FAQ
What is the correlation between QQQ and VTI?
The QQQ/VTI correlation stands at 0.94 on a 3-year window (1 year: 0.93, 5 years: 0.94), computed from weekly returns as of 2026-08-27.
Is VTI a good diversifier for QQQ?
Not really. At 0.94, the two trade almost as one position, and owning both buys little extra protection. They also hold much of the same portfolio (47.7% overlap), so the exposure is doubly redundant.
How much do QQQ and VTI overlap?
47.7% by weight, across 92 common holdings, based on issuer-disclosed portfolios as of 2026-08-26.
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Hubs: QQQ correlations · VTI correlations
