QQQ vs WATT: Correlation
How closely do Invesco QQQ Trust (QQQ) and Energous Corporation (WATT) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WATT?
On 3 years of weekly data the QQQ/WATT correlation comes out at 0.16, weak. Recent behaviour matches the longer record: 0.26 over 1 year against 0.16 over 3. The 5-year figure is 0.20, and annualized covariance runs at 361.5 %².
Among the 4755 assets we track against QQQ, WATT ranks #3295 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WATT ahead by 20.3 points (+26.3% versus +46.6%). Risk is not evenly split, since WATT carries 6.0 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 WATT: side by side
| QQQ (Invesco QQQ Trust) | WATT (Energous Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +46.6% |
| 5-year return | +95.4% | -99.2% |
| Volatility (ann.) | 19.6% | 117.2% |
| Beta vs S&P 500 | 1.28 | 1.35 |
| Max drawdown (3Y) | -22.8% | -95.3% |
| Market cap | – | $0.1B |
| 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 | WATT |
|---|---|---|
| 2022 | -32.6% | -33.1% |
| 2023 | +54.9% | -89.1% |
| 2024 | +25.6% | -44.8% |
| 2025 | +20.8% | -86.8% |
| 2026 | +17.7% | +196.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WATT good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and WATT?
As of 2026-08-27, the correlation of weekly returns between QQQ and WATT is 0.16 over 3 years, 0.26 over 1 year and 0.20 over 5 years.
Is WATT a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
A reading of 0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · WATT correlations
