QQQM vs VTV: Correlation & Overlap
Invesco Nasdaq 100 ETF (QQQM) and Vanguard Value ETF (VTV) show a strong relationship: their 3-year correlation of weekly returns is 0.61. 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 QQQM and VTV?
On 3 years of weekly data the QQQM/VTV correlation comes out at 0.61, strong. The past 12 months show a weaker link (0.41) than the 3-year average (0.61). The 5-year figure is 0.67, and annualized covariance runs at 142.5 %².
Among the 103 assets we track against QQQM, VTV ranks #58 by 3-year correlation. Neither side won the trailing year by much: +26.4% against +25.7%. Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.81. Risk is not evenly split, since QQQM 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.
QQQM vs VTV: side by side
| QQQM (Invesco Nasdaq 100 ETF) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +26.4% | +25.7% |
| 5-year return | +96.1% | +79.1% |
| Volatility (ann.) | 19.5% | 11.9% |
| Beta vs S&P 500 | 1.28 | 0.65 |
| Max drawdown (3Y) | -22.7% | -14.5% |
| Dividend yield | 0.46% | 1.86% |
| Expense ratio | 0.15% | 0.03% |
| Assets under management | $97.1B | $256.4B |
| Sector / category | ETF · US Growth & Tech | ETF · US Style |
On the fund side, QQQM sits in the Large Growth category at Invesco, with $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% 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 QQQM and VTV
The two portfolios partially overlap. Weighing the shared positions, 18.1% of the two funds is identical, spread across 39 common holdings. That shared book is a large part of why the returns line up.
| Common holding | Weight in QQQM | Weight in VTV |
|---|---|---|
| MU | 4.69% | 3.46% |
| WMT | 2.26% | 1.82% |
| CSCO | 1.96% | 1.53% |
| LIN | 1.00% | 0.82% |
| AMGN | 1.06% | 0.77% |
| PEP | 0.86% | 0.71% |
| INTC | 1.97% | 0.68% |
| ADI | 0.80% | 0.67% |
| GILD | 0.81% | 0.60% |
| QCOM | 0.76% | 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 QQQM: 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 | QQQM | VTV |
|---|---|---|
| 2022 | -32.5% | -2.1% |
| 2023 | +55.0% | +9.3% |
| 2024 | +25.7% | +16.0% |
| 2025 | +20.9% | +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 QQQM and VTV good diversifiers for each other?
Only partially. A correlation of 0.61 means QQQM and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QQQM and VTV?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.41 over the last year and 0.67 over 5 years.
Is VTV a good diversifier for QQQM?
Only partially. A correlation of 0.61 means QQQM and VTV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
How much do QQQM 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/qqqm-vs-vtv.json
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Related comparisons
Hubs: QQQM correlations · VTV correlations
