QQQ vs WEYS: Correlation
Invesco QQQ Trust (QQQ) and Weyco Group, Inc. (WEYS) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WEYS?
Across a 3-year window, the weekly returns of QQQ and WEYS correlate at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.24) sits close to the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 230.4 %².
By 3-year correlation, WEYS places #1245 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with WEYS ahead by 33.4 points (+26.3% versus +59.7%). Risk is not evenly split, since WEYS carries 1.8 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 WEYS: side by side
| QQQ (Invesco QQQ Trust) | WEYS (Weyco Group, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +59.7% |
| 5-year return | +95.4% | +157.8% |
| Volatility (ann.) | 19.6% | 35.3% |
| Beta vs S&P 500 | 1.28 | 1.01 |
| Max drawdown (3Y) | -22.8% | -29.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 12.5 |
| Dividend yield | 0.44% | 2.43% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | WEYS |
|---|---|---|
| 2022 | -32.6% | -8.3% |
| 2023 | +54.9% | +54.0% |
| 2024 | +25.6% | +30.4% |
| 2025 | +20.8% | -10.5% |
| 2026 | +17.7% | +49.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WEYS good diversifiers for each other?
Reasonably. At 0.33, QQQ and WEYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and WEYS?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.24 over the last year and 0.35 over 5 years.
Is WEYS a good diversifier for QQQ?
Reasonably. At 0.33, QQQ and WEYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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-weys.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-weys/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · WEYS correlations
