QQQM vs VXX: Correlation
Measured on weekly returns over the past three years, Invesco Nasdaq 100 ETF (QQQM) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.71, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQM and VXX?
Over the past 3 years, QQQM and VXX moved with a correlation of -0.71, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.63) sits close to the 3-year figure. Over 5 years the correlation is -0.62, and the annualized covariance of weekly returns is -847.0 %².
VXX is close to the least connected end of QQQM's tracked universe, ranking #102 of 103. Correlation aside, the last 12 months split them widely, with QQQM ahead by 76.1 points (+26.4% versus -49.7%). Risk is not evenly split, since VXX carries 3.1 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 VXX: side by side
| QQQM (Invesco Nasdaq 100 ETF) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +26.4% | -49.7% |
| 5-year return | +96.1% | -95.6% |
| Volatility (ann.) | 19.5% | 60.9% |
| Beta vs S&P 500 | 1.28 | -3.31 |
| Max drawdown (3Y) | -22.7% | -83.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.46% | 0.00% |
| Expense ratio | 0.15% | – |
| Assets under management | $97.1B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQM, Invesco's Large Growth fund, carries $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | QQQM | VXX |
|---|---|---|
| 2022 | -32.5% | -23.8% |
| 2023 | +55.0% | -72.5% |
| 2024 | +25.7% | -26.2% |
| 2025 | +20.9% | -42.2% |
| 2026 | +17.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQM and VXX good diversifiers for each other?
Yes: at -0.71, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQM and VXX?
The QQQM/VXX correlation stands at -0.71 on a 3-year window (1 year: -0.63, 5 years: -0.62), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for QQQM?
Yes: at -0.71, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.71 mean?
A reading of -0.71 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/qqqm-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqqm-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQM correlations · VXX correlations
