The QQQ fund is an exchange traded fund (ETF) within the PowerShares family. There are at least 18 funds that are incredibly highly correlated with QQQ.

Within the PowerShares family of funds, the most positively correlated other funds are Dynamic Food & Beverage Portfolio, Fundamental Pure Large Growth Portfolio, DWA Consumer Staples Momentum Portfolio, S&P SmallCap Health Care Portfolio, Dynamic Software Portfolio.

Outside of the PowerShares family, the most positively correlated other funds are iShares - Russell Top 200 Growth ETF, Vanguard Mutual Funds - Information Technology Index Admiral Shares, Vanguard - Information Technology, Vanguard - Mega Cap Growth, Schwab - Large-Cap Growth.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to PowerShares's QQQ fund.
99.8% IWY iShares Russell Top 200 Growth ETF
99.8% VITAX Vanguard Mutual Funds Information Technology Index Admiral Shares
99.7% VGT Vanguard Information Technology
99.6% MGK Vanguard Mega Cap Growth
99.6% SCHG Schwab Large-Cap Growth
99.5% IGM iShares North American Tech ETF
99.5% VUG Vanguard Growth
99.3% IGV iShares North American Tech-Software ETF
99.3% PBJ PowerShares Dynamic Food & Beverage Portfolio
99.3% PXLG PowerShares Fundamental Pure Large Growth Portfolio
99.3% IWL iShares Russell Top 200 ETF
99.2% FNCMX Fidelity NASDAQ Composite Index
99.2% VIGAX Vanguard Mutual Funds Growth Index Admiral Shares
99.2% IWF iShares Russell 1000 Growth ETF
99.2% SPYG SPDR S&P 500 Growth
99.2% IUSG iShares Core U.S. Growth ETF
99.2% PSL PowerShares DWA Consumer Staples Momentum Portfolio
99.1% SCHX Schwab Large-Cap Core

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
PBJ PowerShares Dynamic Food & Beverage Portfolio 99.3%
PXLG PowerShares Fundamental Pure Large Growth Portfolio 99.3%
PSL PowerShares DWA Consumer Staples Momentum Portfolio 99.2%
PSCH PowerShares S&P SmallCap Health Care Portfolio 98.9%
PSJ PowerShares Dynamic Software Portfolio 98.9%
Negatively Correlated PowerShares funds
LALT PowerShares Multi-Strategy Alternative Portfolio -75.2%
UDN PowerShares DB US Dollar Index Bearish Fund -65.0%
PSAU PowerShares Global Gold and Precious Metals Portfolio -64.4%
PBW PowerShares WilderHill Clean Energy Portfolio -59.9%
DBO PowerShares DB Oil Fund -56.6%

Positively Correlated Non-PowerShares funds
IWY iShares Russell Top 200 Growth ETF 99.8%
VITAX Vanguard Mutual Funds Information Technology Index Admiral Shares 99.8%
VGT Vanguard Information Technology 99.7%
MGK Vanguard Mega Cap Growth 99.6%
SCHG Schwab Large-Cap Growth 99.6%
Negatively Correlated Non-PowerShares funds
EWZS iShares MSCI Brazil Small-Cap ETF -89.8%
SLVP iShares MSCI Global Silver Miners ETF -87.0%
ERUS iShares MSCI Russia Capped ETF -85.4%
RING iShares MSCI Global Gold Miners ETF -85.4%
EMEY iShares MSCI Emerging Markets Energy Capped ETF -84.9%

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