QQQ vs WETH: Correlation
How closely do Invesco QQQ Trust (QQQ) and Wetouch Technology Inc. (WETH) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WETH?
Across a 3-year window, the weekly returns of QQQ and WETH correlate at 0.24, weak. Lately the two have moved closer together, with the 1-year correlation at 0.34 versus 0.24 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 543.7 %².
Within QQQ's tracked universe of 4755 assets, WETH comes in at #2341 by 3-year correlation. The trailing year gives QQQ the advantage: +26.3% versus +17.3%, a 9.0-point spread. One caveat on sizing: WETH is 5.7 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 WETH: side by side
| QQQ (Invesco QQQ Trust) | WETH (Wetouch Technology Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +17.3% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 112.1% |
| Beta vs S&P 500 | 1.28 | 1.71 |
| Max drawdown (3Y) | -22.8% | -83.8% |
| Market cap | – | – |
| P/E (trailing) | – | 1.7 |
| 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 | WETH |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -24.3% |
| 2026 | +17.7% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WETH good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and WETH?
As of 2026-08-27, the correlation of weekly returns between QQQ and WETH is 0.24 over 3 years, 0.34 over 1 year and n/a over 5 years.
Is WETH a good diversifier for QQQ?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-weth.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-weth/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · WETH correlations
