QQQ vs ZM: Correlation
Invesco QQQ Trust (QQQ) and Zoom Communications, Inc. (ZM) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ZM?
On 3 years of weekly data the QQQ/ZM correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 253.9 %².
By 3-year correlation, ZM places #885 of the 4755 assets tracked against QQQ. Neither side won the trailing year by much: +26.3% against +23.9%. One caveat on sizing: ZM is 1.8 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 ZM: side by side
| QQQ (Invesco QQQ Trust) | ZM (Zoom Communications, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +23.9% |
| 5-year return | +95.4% | -71.1% |
| Volatility (ann.) | 19.6% | 35.5% |
| Beta vs S&P 500 | 1.28 | 0.96 |
| Max drawdown (3Y) | -22.8% | -25.9% |
| Market cap | – | $29.3B |
| P/E (trailing) | – | 9.3 |
| Dividend yield | 0.44% | 0.00% |
| 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 | ZM |
|---|---|---|
| 2022 | -32.6% | -63.2% |
| 2023 | +54.9% | +6.2% |
| 2024 | +25.6% | +13.5% |
| 2025 | +20.8% | +5.7% |
| 2026 | +17.7% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and ZM?
The QQQ/ZM correlation stands at 0.37 on a 3-year window (1 year: 0.31, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is ZM a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-zm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-zm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · ZM correlations
