QQQ vs UWMC: Correlation
Invesco QQQ Trust (QQQ) and UWM Holdings Corporation (UWMC) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UWMC?
On 3 years of weekly data the QQQ/UWMC correlation comes out at 0.21, weak. Little has changed lately, as the 1-year reading of 0.22 lands near the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 216.1 %².
Among the 4755 assets we track against QQQ, UWMC ranks #2745 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 97.3 percentage points (+26.3% for QQQ against -71.0% for UWMC). Note the risk asymmetry: UWMC runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
QQQ vs UWMC: side by side
| QQQ (Invesco QQQ Trust) | UWMC (UWM Holdings Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -71.0% |
| 5-year return | +95.4% | -69.4% |
| Volatility (ann.) | 19.6% | 52.6% |
| Beta vs S&P 500 | 1.28 | 0.96 |
| Max drawdown (3Y) | -22.8% | -84.9% |
| Market cap | – | $4.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 27.40% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | UWMC |
|---|---|---|
| 2022 | -32.6% | -38.0% |
| 2023 | +54.9% | +132.1% |
| 2024 | +25.6% | -13.0% |
| 2025 | +20.8% | -19.3% |
| 2026 | +17.7% | -63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UWMC good diversifiers for each other?
Reasonably. At 0.21, QQQ and UWMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and UWMC?
The QQQ/UWMC correlation stands at 0.21 on a 3-year window (1 year: 0.22, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is UWMC a good diversifier for QQQ?
Reasonably. At 0.21, QQQ and UWMC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-uwmc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-uwmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · UWMC correlations
