QQQ vs WAFU: Correlation
How closely do Invesco QQQ Trust (QQQ) and Wah Fu Education Group Limited (WAFU) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WAFU?
Over the past 3 years, QQQ and WAFU moved with a correlation of 0.15, which is weak. Little has changed lately, as the 1-year reading of 0.18 lands near the 3-year figure. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 123.2 %².
By 3-year correlation, WAFU places #3410 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 29.2 percentage points (+26.3% for QQQ against -2.9% for WAFU). Risk is not evenly split, since WAFU carries 2.2 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.
QQQ vs WAFU: side by side
| QQQ (Invesco QQQ Trust) | WAFU (Wah Fu Education Group Limited) | |
|---|---|---|
| 1-year return | +26.3% | -2.9% |
| 5-year return | +95.4% | -79.7% |
| Volatility (ann.) | 19.6% | 42.3% |
| Beta vs S&P 500 | 1.28 | 0.61 |
| Max drawdown (3Y) | -22.8% | -55.1% |
| Market cap | – | – |
| 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 |
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 | QQQ | WAFU |
|---|---|---|
| 2022 | -32.6% | -43.4% |
| 2023 | +54.9% | -4.2% |
| 2024 | +25.6% | -22.4% |
| 2025 | +20.8% | -7.1% |
| 2026 | +17.7% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WAFU good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and WAFU?
Using weekly returns as of 2026-08-27: 0.15 over 3 years, with 0.18 over the last year and 0.17 over 5 years.
Is WAFU a good diversifier for QQQ?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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-wafu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-wafu/)
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Related comparisons
Hubs: QQQ correlations · WAFU correlations
