QQQ vs WASH: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Washington Trust Bancorp, Inc. (WASH) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WASH?
On 3 years of weekly data the QQQ/WASH correlation comes out at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.28 over 3 years. The 5-year figure is 0.25, and annualized covariance runs at 191.1 %².
By 3-year correlation, WASH places #1799 of the 4755 assets tracked against QQQ. The trailing year gives WASH the advantage: +26.3% versus +40.1%, a 13.8-point spread. One caveat on sizing: WASH is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WASH: side by side
| QQQ (Invesco QQQ Trust) | WASH (Washington Trust Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +40.1% |
| 5-year return | +95.4% | +4.8% |
| Volatility (ann.) | 19.6% | 34.9% |
| Beta vs S&P 500 | 1.28 | 1.04 |
| Max drawdown (3Y) | -22.8% | -32.3% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 13.7 |
| Dividend yield | 0.44% | 5.64% |
| 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 | WASH |
|---|---|---|
| 2022 | -32.6% | -12.5% |
| 2023 | +54.9% | -26.1% |
| 2024 | +25.6% | +2.7% |
| 2025 | +20.8% | +1.7% |
| 2026 | +17.7% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WASH good diversifiers for each other?
Reasonably. At 0.28, QQQ and WASH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and WASH?
The QQQ/WASH correlation stands at 0.28 on a 3-year window (1 year: 0.01, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is WASH a good diversifier for QQQ?
Reasonably. At 0.28, QQQ and WASH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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-wash.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-wash/)
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Related comparisons
Hubs: QQQ correlations · WASH correlations
