QQQ vs ZVIA: Correlation
Invesco QQQ Trust (QQQ) and Zevia PBC (ZVIA) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ZVIA?
Over the past 3 years, QQQ and ZVIA moved with a correlation of 0.21, which is weak. Little has changed lately, as the 1-year reading of 0.12 lands near the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 333.5 %².
Among the 4755 assets we track against QQQ, ZVIA ranks #2753 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 73.7 points (+26.3% versus -47.4%). One caveat on sizing: ZVIA is 4.1 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 ZVIA: side by side
| QQQ (Invesco QQQ Trust) | ZVIA (Zevia PBC) | |
|---|---|---|
| 1-year return | +26.3% | -47.4% |
| 5-year return | +95.4% | -90.1% |
| Volatility (ann.) | 19.6% | 80.3% |
| Beta vs S&P 500 | 1.28 | 1.22 |
| Max drawdown (3Y) | -22.8% | -78.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| 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 | ZVIA |
|---|---|---|
| 2022 | -32.6% | -42.0% |
| 2023 | +54.9% | -50.9% |
| 2024 | +25.6% | +108.5% |
| 2025 | +20.8% | -44.6% |
| 2026 | +17.7% | -38.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZVIA good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and ZVIA?
The QQQ/ZVIA correlation stands at 0.21 on a 3-year window (1 year: 0.12, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is ZVIA a good diversifier for QQQ?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-zvia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-zvia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · ZVIA correlations
