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QQQ vs VVR: Correlation

Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Invesco Senior Income Trust (VVR) carry a correlation of 0.27, a weak link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.27
weak
Correlation (1Y)
0.16
last 12 months
Correlation (5Y)
0.25
long-run
Ann. covariance
79.9
%² · weekly, annualized

How correlated are QQQ and VVR?

Over the past 3 years, QQQ and VVR moved with a correlation of 0.27, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.27 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 79.9 %².

Among the 4755 assets we track against QQQ, VVR ranks #1927 by 3-year correlation. The last year tells two different stories: QQQ led by 34.6 percentage points, +26.3% for QQQ against -8.3% for VVR.

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 VVR: side by side

QQQ (Invesco QQQ Trust)VVR (Invesco Senior Income Trust)
1-year return+26.3%-8.3%
5-year return+95.4%+22.0%
Volatility (ann.)19.6%15.0%
Beta vs S&P 5001.280.32
Max drawdown (3Y)-22.8%-19.5%
Market cap$0.4B
P/E (trailing)32.3
Dividend yield0.44%15.51%
Expense ratio0.18%
Assets under management$452.8B
Sector / categoryETF · US Growth & TechUS Listed
Higher yield: VVR 15.51% vs 0.44%Smaller drawdown: VVR -19.5% vs -22.8%Higher 5y return: QQQ +95.4% vs +22.0%

QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.

-9%0%+29%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). QQQ · VVR

Year-by-year returns

YearQQQVVR
2022-32.6%-1.1%
2023+54.9%+20.9%
2024+25.6%+9.0%
2025+20.8%-6.2%
2026+17.7%-3.0%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are QQQ and VVR good diversifiers for each other?

Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.

FAQ

What is the correlation between QQQ and VVR?

Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.16 over the last year and 0.25 over 5 years.

Is VVR a good diversifier for QQQ?

Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.

What does a correlation of 0.27 mean?

A reading of 0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.

Use this data

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QQQ vs VVR: 3-year weekly correlation 0.27QQQ vs VVR0.27

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Hubs: QQQ correlations · VVR correlations