QQQ vs VTN: Correlation
How closely do Invesco QQQ Trust (QQQ) and Invesco Trust for Investment Grade New York Municipals (VTN) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VTN?
Over the past 3 years, QQQ and VTN moved with a correlation of 0.28, which is weak. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 78.3 %².
Within QQQ's tracked universe of 4755 assets, VTN comes in at #1795 by 3-year correlation. On 12-month performance QQQ holds a 11.6-point edge, +26.3% against +14.7%.
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 VTN: side by side
| QQQ (Invesco QQQ Trust) | VTN (Invesco Trust for Investment Grade New York Municipals) | |
|---|---|---|
| 1-year return | +26.3% | +14.7% |
| 5-year return | +95.4% | +4.2% |
| Volatility (ann.) | 19.6% | 14.2% |
| Beta vs S&P 500 | 1.28 | 0.32 |
| Max drawdown (3Y) | -22.8% | -14.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 35.8 |
| Dividend yield | 0.44% | 7.62% |
| 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 | VTN |
|---|---|---|
| 2022 | -32.6% | -21.1% |
| 2023 | +54.9% | +7.3% |
| 2024 | +25.6% | +6.8% |
| 2025 | +20.8% | +18.9% |
| 2026 | +17.7% | -1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VTN good diversifiers for each other?
Reasonably. At 0.28, QQQ and VTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and VTN?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.36 over the last year and 0.37 over 5 years.
Is VTN a good diversifier for QQQ?
Reasonably. At 0.28, QQQ and VTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-vtn.json
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Related comparisons
Hubs: QQQ correlations · VTN correlations
