QQQ vs ZTR: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Virtus Total Return Fund Inc. (ZTR) 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 ZTR?
Over the past 3 years, QQQ and ZTR moved with a correlation of 0.26, which is weak. The past 12 months show a weaker link (0.09) than the 3-year average (0.26). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 71.8 %².
Within QQQ's tracked universe of 4755 assets, ZTR comes in at #2059 by 3-year correlation. On 12-month performance QQQ holds a 8.3-point edge, +26.3% against +18.0%.
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 ZTR: side by side
| QQQ (Invesco QQQ Trust) | ZTR (Virtus Total Return Fund Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +18.0% |
| 5-year return | +95.4% | +27.0% |
| Volatility (ann.) | 19.6% | 14.0% |
| Beta vs S&P 500 | 1.28 | 0.40 |
| Max drawdown (3Y) | -22.8% | -18.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 5.7 |
| Dividend yield | 0.44% | 8.75% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | ZTR |
|---|---|---|
| 2022 | -32.6% | -21.3% |
| 2023 | +54.9% | -3.2% |
| 2024 | +25.6% | +18.3% |
| 2025 | +20.8% | +18.6% |
| 2026 | +17.7% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZTR good diversifiers for each other?
Reasonably. At 0.26, QQQ and ZTR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and ZTR?
The QQQ/ZTR correlation stands at 0.26 on a 3-year window (1 year: 0.09, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is ZTR a good diversifier for QQQ?
Reasonably. At 0.26, QQQ and ZTR keep a meaningful degree of independence, and combining them has historically reduced portfolio 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.
Use this data
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Related comparisons
Hubs: QQQ correlations · ZTR correlations
