QQQ vs WFG: Correlation
How closely do Invesco QQQ Trust (QQQ) and West Fraser Timber Co. Ltd (WFG) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WFG?
Over the past 3 years, QQQ and WFG moved with a correlation of 0.25, which is weak. The relationship has been stable: the 1-year correlation (0.21) sits close to the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 136.6 %².
Within QQQ's tracked universe of 4755 assets, WFG comes in at #2193 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 29.9 points (+26.3% versus -3.6%).
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 WFG: side by side
| QQQ (Invesco QQQ Trust) | WFG (West Fraser Timber Co. Ltd) | |
|---|---|---|
| 1-year return | +26.3% | -3.6% |
| 5-year return | +95.4% | -6.2% |
| Volatility (ann.) | 19.6% | 28.1% |
| Beta vs S&P 500 | 1.28 | 0.63 |
| Max drawdown (3Y) | -22.8% | -42.0% |
| Market cap | – | $5.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 1.89% |
| 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 | WFG |
|---|---|---|
| 2022 | -32.6% | -23.1% |
| 2023 | +54.9% | +20.3% |
| 2024 | +25.6% | +2.6% |
| 2025 | +20.8% | -28.8% |
| 2026 | +17.7% | +14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WFG good diversifiers for each other?
Reasonably. At 0.25, QQQ and WFG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and WFG?
The QQQ/WFG correlation stands at 0.25 on a 3-year window (1 year: 0.21, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is WFG a good diversifier for QQQ?
Reasonably. At 0.25, QQQ and WFG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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-wfg.json
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[](https://www.pairbook.io/pair/qqq-vs-wfg/)
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Related comparisons
Hubs: QQQ correlations · WFG correlations
