QQQ vs WCC: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and WESCO International, Inc. (WCC) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WCC?
Across a 3-year window, the weekly returns of QQQ and WCC correlate at 0.55, moderate. The past 12 months show a weaker link (0.43) than the 3-year average (0.55). Stretching to 5 years gives 0.58, with an annualized covariance of 408.9 %².
Within QQQ's tracked universe of 4755 assets, WCC comes in at #199 by 3-year correlation. The last year tells two different stories: WCC led by 29.1 percentage points, +26.3% for QQQ against +55.4% for WCC. Risk is not evenly split, since WCC carries 2.0 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 WCC: side by side
| QQQ (Invesco QQQ Trust) | WCC (WESCO International, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +55.4% |
| 5-year return | +95.4% | +203.7% |
| Volatility (ann.) | 19.6% | 38.3% |
| Beta vs S&P 500 | 1.28 | 1.59 |
| Max drawdown (3Y) | -22.8% | -37.4% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 24.0 |
| Dividend yield | 0.44% | 0.55% |
| 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 | WCC |
|---|---|---|
| 2022 | -32.6% | -4.9% |
| 2023 | +54.9% | +40.2% |
| 2024 | +25.6% | +5.1% |
| 2025 | +20.8% | +36.4% |
| 2026 | +17.7% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WCC good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between QQQ and WCC?
As of 2026-08-27, the correlation of weekly returns between QQQ and WCC is 0.55 over 3 years, 0.43 over 1 year and 0.58 over 5 years.
Is WCC a good diversifier for QQQ?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
A reading of 0.55 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-wcc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-wcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · WCC correlations
