QQQ vs WEST: Correlation
Invesco QQQ Trust (QQQ) and Westrock Coffee Company (WEST) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WEST?
Across a 3-year window, the weekly returns of QQQ and WEST correlate at 0.23, weak. Lately the two have moved closer together, with the 1-year correlation at 0.37 versus 0.23 over 3 years. Stretching to 5 years gives 0.19, with an annualized covariance of 252.0 %².
Within QQQ's tracked universe of 4755 assets, WEST comes in at #2457 by 3-year correlation. Over the last 12 months WEST came out ahead by 14.6 percentage points (+26.3% against +40.9%). One caveat on sizing: WEST is 2.9 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 WEST: side by side
| QQQ (Invesco QQQ Trust) | WEST (Westrock Coffee Company) | |
|---|---|---|
| 1-year return | +26.3% | +40.9% |
| 5-year return | +95.4% | -16.8% |
| Volatility (ann.) | 19.6% | 56.4% |
| Beta vs S&P 500 | 1.28 | 0.97 |
| Max drawdown (3Y) | -22.8% | -66.7% |
| Market cap | – | $0.8B |
| 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 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 | WEST |
|---|---|---|
| 2022 | -32.6% | +37.2% |
| 2023 | +54.9% | -23.6% |
| 2024 | +25.6% | -37.1% |
| 2025 | +20.8% | -36.6% |
| 2026 | +17.7% | +98.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WEST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and WEST?
As of 2026-08-27, the correlation of weekly returns between QQQ and WEST is 0.23 over 3 years, 0.37 over 1 year and 0.19 over 5 years.
Is WEST a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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.
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Related comparisons
Hubs: QQQ correlations · WEST correlations
