QQQ vs VTRS: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Viatris (VTRS) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VTRS?
On 3 years of weekly data the QQQ/VTRS correlation comes out at 0.26, weak. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.26). The 5-year figure is 0.30, and annualized covariance runs at 164.0 %².
Among the 4755 assets we track against QQQ, VTRS ranks #2051 by 3-year correlation. The last year tells two different stories: VTRS led by 41.5 percentage points, +26.3% for QQQ against +67.8% for VTRS. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.14 to 0.55. Note the risk asymmetry: VTRS runs 1.7 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 VTRS: side by side
| QQQ (Invesco QQQ Trust) | VTRS (Viatris) | |
|---|---|---|
| 1-year return | +26.3% | +67.8% |
| 5-year return | +95.4% | +44.6% |
| Volatility (ann.) | 19.6% | 32.8% |
| Beta vs S&P 500 | 1.28 | 0.79 |
| Max drawdown (3Y) | -22.8% | -45.0% |
| Market cap | – | $19.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 2.85% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Health Care |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | VTRS |
|---|---|---|
| 2022 | -32.6% | -14.3% |
| 2023 | +54.9% | +2.1% |
| 2024 | +25.6% | +19.7% |
| 2025 | +20.8% | +5.1% |
| 2026 | +17.7% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VTRS 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 VTRS?
As of 2026-08-27, the correlation of weekly returns between QQQ and VTRS is 0.26 over 3 years, 0.12 over 1 year and 0.30 over 5 years.
Is VTRS 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?
A reading of 0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · VTRS correlations
