QQQ vs WBTN: Correlation
Invesco QQQ Trust (QQQ) and WEBTOON Entertainment Inc. (WBTN) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WBTN?
On 3 years of weekly data the QQQ/WBTN correlation comes out at 0.25, weak. Recent behaviour matches the longer record: 0.34 over 1 year against 0.25 over 3. The 5-year figure is n/a, and annualized covariance runs at 414.6 %².
By 3-year correlation, WBTN places #2192 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 60.7 points (+26.3% versus -34.4%). One caveat on sizing: WBTN is 4.1 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 WBTN: side by side
| QQQ (Invesco QQQ Trust) | WBTN (WEBTOON Entertainment Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -34.4% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 80.5% |
| Beta vs S&P 500 | 1.28 | 1.69 |
| Max drawdown (3Y) | -22.8% | -70.6% |
| Market cap | – | $1.4B |
| 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 |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | WBTN |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -4.1% |
| 2026 | +17.7% | -23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WBTN good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and WBTN?
The QQQ/WBTN correlation stands at 0.25 on a 3-year window (1 year: 0.34, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WBTN a good diversifier for QQQ?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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-wbtn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-wbtn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · WBTN correlations
