QQQ vs VTOL: Correlation
How closely do Invesco QQQ Trust (QQQ) and Bristow Group, Inc. (VTOL) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VTOL?
Across a 3-year window, the weekly returns of QQQ and VTOL correlate at 0.26, weak. The link has loosened recently: the 1-year correlation (0.03) runs below the 3-year figure (0.26). Stretching to 5 years gives 0.33, with an annualized covariance of 195.9 %².
Within QQQ's tracked universe of 4755 assets, VTOL comes in at #2050 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +21.5% for VTOL. One caveat on sizing: VTOL is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VTOL: side by side
| QQQ (Invesco QQQ Trust) | VTOL (Bristow Group, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +21.5% |
| 5-year return | +95.4% | +49.4% |
| Volatility (ann.) | 19.6% | 38.0% |
| Beta vs S&P 500 | 1.28 | 1.00 |
| Max drawdown (3Y) | -22.8% | -35.3% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.44% | 0.55% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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.
Year-by-year returns
| Year | QQQ | VTOL |
|---|---|---|
| 2022 | -32.6% | -14.3% |
| 2023 | +54.9% | +4.2% |
| 2024 | +25.6% | +21.3% |
| 2025 | +20.8% | +6.8% |
| 2026 | +17.7% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VTOL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and VTOL?
As of 2026-08-27, the correlation of weekly returns between QQQ and VTOL is 0.26 over 3 years, 0.03 over 1 year and 0.33 over 5 years.
Is VTOL a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 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-vtol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-vtol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · VTOL correlations
