KWR vs QQQ: Correlation
How closely do Quaker Houghton (KWR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KWR and QQQ?
Across a 3-year window, the weekly returns of KWR and QQQ correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.39 over 3 years. Stretching to 5 years gives 0.52, with an annualized covariance of 258.5 %².
Out of 20 assets tracked against KWR, QQQ lands near the bottom at #17. On 12-month performance QQQ holds a 11.2-point edge, +15.1% against +26.3%. Risk is not evenly split, since KWR carries 1.7 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.
KWR vs QQQ: side by side
| KWR (Quaker Houghton) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.1% | +26.3% |
| 5-year return | -32.5% | +95.4% |
| Volatility (ann.) | 34.3% | 19.6% |
| Beta vs S&P 500 | 1.16 | 1.28 |
| Max drawdown (3Y) | -55.3% | -22.8% |
| Market cap | $2.8B | – |
| P/E (trailing) | 29.4 | – |
| Dividend yield | 1.24% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | KWR | QQQ |
|---|---|---|
| 2022 | -26.9% | -32.6% |
| 2023 | +29.1% | +54.9% |
| 2024 | -33.4% | +25.6% |
| 2025 | -0.8% | +20.8% |
| 2026 | +20.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KWR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KWR and QQQ?
The KWR/QQQ correlation stands at 0.39 on a 3-year window (1 year: 0.23, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KWR?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: KWR correlations · QQQ correlations
