QQQ vs WERN: Correlation
How closely do Invesco QQQ Trust (QQQ) and Werner Enterprises, Inc. (WERN) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WERN?
Across a 3-year window, the weekly returns of QQQ and WERN correlate at 0.28, weak. The past 12 months show a weaker link (0.14) than the 3-year average (0.28). Stretching to 5 years gives 0.33, with an annualized covariance of 165.5 %².
Within QQQ's tracked universe of 4755 assets, WERN comes in at #1800 by 3-year correlation. The trailing year gives WERN the advantage: +26.3% versus +36.0%, a 9.7-point spread. Risk is not evenly split, since WERN carries 1.5 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 WERN: side by side
| QQQ (Invesco QQQ Trust) | WERN (Werner Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +36.0% |
| 5-year return | +95.4% | -14.3% |
| Volatility (ann.) | 19.6% | 29.9% |
| Beta vs S&P 500 | 1.28 | 0.80 |
| Max drawdown (3Y) | -22.8% | -44.5% |
| Market cap | – | $2.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 1.44% |
| 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 | WERN |
|---|---|---|
| 2022 | -32.6% | -14.4% |
| 2023 | +54.9% | +6.6% |
| 2024 | +25.6% | -14.2% |
| 2025 | +20.8% | -14.9% |
| 2026 | +17.7% | +30.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WERN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and WERN?
As of 2026-08-27, the correlation of weekly returns between QQQ and WERN is 0.28 over 3 years, 0.14 over 1 year and 0.33 over 5 years.
Is WERN a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-wern.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-wern/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · WERN correlations
