QQQ vs W: Correlation
Invesco QQQ Trust (QQQ) and Wayfair Inc. (W) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and W?
On 3 years of weekly data the QQQ/W correlation comes out at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.50 over 3 years. The 5-year figure is 0.58, and annualized covariance runs at 658.0 %².
By 3-year correlation, W places #289 of the 4755 assets tracked against QQQ. Over the last 12 months W came out ahead by 14.7 percentage points (+26.3% against +41.0%). Note the risk asymmetry: W runs 3.4 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 W: side by side
| QQQ (Invesco QQQ Trust) | W (Wayfair Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +41.0% |
| 5-year return | +95.4% | -64.0% |
| Volatility (ann.) | 19.6% | 67.1% |
| Beta vs S&P 500 | 1.28 | 2.50 |
| Max drawdown (3Y) | -22.8% | -67.7% |
| Market cap | – | $14.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| 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 | W |
|---|---|---|
| 2022 | -32.6% | -82.7% |
| 2023 | +54.9% | +87.6% |
| 2024 | +25.6% | -28.2% |
| 2025 | +20.8% | +126.6% |
| 2026 | +17.7% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and W good diversifiers for each other?
Only partially. A correlation of 0.50 means QQQ and W share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QQQ and W?
The QQQ/W correlation stands at 0.50 on a 3-year window (1 year: 0.38, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is W a good diversifier for QQQ?
Only partially. A correlation of 0.50 means QQQ and W share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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/qqq-vs-w.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-w/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · W correlations
