QQQ vs VTV: Correlation & Overlap
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Vanguard Value ETF (VTV) carry a correlation of 0.61, a strong link. Looking through to holdings, 18.1% of the two portfolios is the same by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and VTV?
Over the past 3 years, QQQ and VTV moved with a correlation of 0.61, which is strong. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.61). Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 143.2 %².
Within QQQ's tracked universe of 4755 assets, VTV comes in at #127 by 3-year correlation. Neither side won the trailing year by much: +26.3% against +25.7%. The rolling one-year correlation moved between 0.39 and 0.81 over the past three years, a moderate range. Risk is not evenly split, since QQQ carries 1.6 times the volatility of the other side.
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 VTV: side by side
| QQQ (Invesco QQQ Trust) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +26.3% | +25.7% |
| 5-year return | +95.4% | +79.1% |
| Volatility (ann.) | 19.6% | 11.9% |
| Beta vs S&P 500 | 1.28 | 0.65 |
| Max drawdown (3Y) | -22.8% | -14.5% |
| Dividend yield | 0.44% | 1.86% |
| Expense ratio | 0.18% | 0.03% |
| Assets under management | $452.8B | $256.4B |
| Sector / category | ETF · US Growth & Tech | ETF · US Style |
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. On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Portfolio overlap between QQQ and VTV
The two portfolios partially overlap: 18.1% of the funds' weight sits in the same underlying holdings (39 common positions). Correlation tells you they move together; overlap tells you why.
| Common holding | Weight in QQQ | Weight in VTV |
|---|---|---|
| MU | 4.69% | 3.46% |
| WMT | 2.26% | 1.82% |
| CSCO | 1.96% | 1.53% |
| LIN | 1.01% | 0.82% |
| AMGN | 1.06% | 0.77% |
| PEP | 0.86% | 0.71% |
| INTC | 1.97% | 0.68% |
| ADI | 0.80% | 0.67% |
| GILD | 0.82% | 0.60% |
| QCOM | 0.77% | 0.58% |
| TXN | 1.06% | 0.47% |
| ADP | 0.50% | 0.40% |
| CSX | 0.43% | 0.35% |
| CMCSA | 0.43% | 0.32% |
| CEG | 0.45% | 0.32% |
Largest positions held only by QQQ: NVDA (8.15%), AAPL (7.39%), MSFT (5.93%), AMZN (4.50%), AMD (3.48%). Only by VTV: JPM (3.51%), BRK.B (2.99%), XOM (2.40%), JNJ (2.30%), ABBV (1.65%).
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 | VTV |
|---|---|---|
| 2022 | -32.6% | -2.1% |
| 2023 | +54.9% | +9.3% |
| 2024 | +25.6% | +16.0% |
| 2025 | +20.8% | +15.3% |
| 2026 | +17.7% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and VTV good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QQQ and VTV?
As of 2026-08-27, the correlation of weekly returns between QQQ and VTV is 0.61 over 3 years, 0.41 over 1 year and 0.67 over 5 years.
Is VTV a good diversifier for QQQ?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
How much do QQQ and VTV overlap?
The two funds share 39 holdings amounting to 18.1% of weight, per issuer portfolio files dated 2026-08-26.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · VTV correlations
