QQQ vs WEC: Correlation
How closely do Invesco QQQ Trust (QQQ) and WEC Energy Group (WEC) trade together? Their weekly returns over three years give a correlation of -0.12, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WEC?
Across a 3-year window, the weekly returns of QQQ and WEC correlate at -0.12, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.25) than the 3-year average (-0.12). Stretching to 5 years gives 0.12, with an annualized covariance of -41.0 %².
Among the 4755 assets we track against QQQ, WEC ranks #4731 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 24.2 points (+26.3% versus +2.1%). This link changes with the market regime, having swung between -0.36 and 0.37 on a rolling one-year basis.
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 WEC: side by side
| QQQ (Invesco QQQ Trust) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | +26.3% | +2.1% |
| 5-year return | +95.4% | +32.7% |
| Volatility (ann.) | 19.6% | 16.9% |
| Beta vs S&P 500 | 1.28 | 0.02 |
| Max drawdown (3Y) | -22.8% | -11.6% |
| Market cap | – | $34.6B |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.44% | 3.43% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Utilities |
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 | WEC |
|---|---|---|
| 2022 | -32.6% | -0.5% |
| 2023 | +54.9% | -7.0% |
| 2024 | +25.6% | +16.1% |
| 2025 | +20.8% | +16.0% |
| 2026 | +17.7% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WEC good diversifiers for each other?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and WEC?
Using weekly returns as of 2026-08-27: -0.12 over 3 years, with -0.25 over the last year and 0.12 over 5 years.
Is WEC a good diversifier for QQQ?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.12 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: QQQ correlations · WEC correlations
