QQQ vs WELL: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Welltower (WELL) carry a correlation of 0.09, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WELL?
On 3 years of weekly data the QQQ/WELL correlation comes out at 0.09, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.12 versus 0.09 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 36.2 %².
By 3-year correlation, WELL places #3942 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with WELL ahead by 18.6 points (+26.3% versus +44.9%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.11 and 0.59 over the past three years, so this pair behaves very differently depending on the market environment.
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 WELL: side by side
| QQQ (Invesco QQQ Trust) | WELL (Welltower) | |
|---|---|---|
| 1-year return | +26.3% | +44.9% |
| 5-year return | +95.4% | +214.9% |
| Volatility (ann.) | 19.6% | 21.2% |
| Beta vs S&P 500 | 1.28 | 0.30 |
| Max drawdown (3Y) | -22.8% | -13.0% |
| Market cap | – | $172.6B |
| P/E (trailing) | – | 108.9 |
| Dividend yield | 0.44% | 1.27% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Real Estate |
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 | WELL |
|---|---|---|
| 2022 | -32.6% | -21.2% |
| 2023 | +54.9% | +41.8% |
| 2024 | +25.6% | +43.1% |
| 2025 | +20.8% | +49.9% |
| 2026 | +17.7% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WELL good diversifiers for each other?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and WELL?
As of 2026-08-27, the correlation of weekly returns between QQQ and WELL is 0.09 over 3 years, -0.12 over 1 year and 0.29 over 5 years.
Is WELL a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
What does a correlation of 0.09 mean?
A reading of 0.09 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 · WELL correlations
