QQQX vs VUG: Correlation
How closely do Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund (QQQX) and Vanguard Growth ETF (VUG) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQX and VUG?
Across a 3-year window, the weekly returns of QQQX and VUG correlate at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.85 lands near the 3-year figure. Stretching to 5 years gives 0.87, with an annualized covariance of 309.7 %².
Within QQQX's tracked universe of 20 assets, VUG comes in at #4 by 3-year correlation. Over the last 12 months QQQX came out ahead by 8.2 percentage points (+24.4% against +16.2%).
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.
QQQX vs VUG: side by side
| QQQX (Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund) | VUG (Vanguard Growth ETF) | |
|---|---|---|
| 1-year return | +24.4% | +16.2% |
| 5-year return | +51.0% | +78.4% |
| Volatility (ann.) | 18.1% | 19.4% |
| Beta vs S&P 500 | 1.09 | 1.28 |
| Max drawdown (3Y) | -22.8% | -22.8% |
| Market cap | $1.5B | – |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 0.00% | 0.40% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $372.0B |
| Sector / category | US Listed | ETF · US Style |
VUG, Vanguard's Large Growth fund, carries $372.0B under management, 146 holdings, a 0.03% expense ratio, a 0.40% trailing dividend yield.
Year-by-year returns
| Year | QQQX | VUG |
|---|---|---|
| 2022 | -27.4% | -33.2% |
| 2023 | +21.7% | +46.8% |
| 2024 | +25.6% | +32.7% |
| 2025 | +14.9% | +19.4% |
| 2026 | +13.1% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQX and VUG good diversifiers for each other?
No: a correlation of 0.88 means QQQX and VUG tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between QQQX and VUG?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 0.85 over the last year and 0.87 over 5 years.
Is VUG a good diversifier for QQQX?
No: a correlation of 0.88 means QQQX and VUG tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 mean?
A reading of 0.88 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/qqqx-vs-vug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqqx-vs-vug/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQX correlations · VUG correlations
