QQQ vs WFRD: Correlation
How closely do Invesco QQQ Trust (QQQ) and Weatherford International plc (WFRD) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WFRD?
Across a 3-year window, the weekly returns of QQQ and WFRD correlate at 0.33, moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.33). Stretching to 5 years gives 0.20, with an annualized covariance of 298.8 %².
By 3-year correlation, WFRD places #1247 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with WFRD ahead by 19.8 points (+26.3% versus +46.1%). Risk is not evenly split, since WFRD carries 2.4 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 WFRD: side by side
| QQQ (Invesco QQQ Trust) | WFRD (Weatherford International plc) | |
|---|---|---|
| 1-year return | +26.3% | +46.1% |
| 5-year return | +95.4% | +495.5% |
| Volatility (ann.) | 19.6% | 46.3% |
| Beta vs S&P 500 | 1.28 | 1.32 |
| Max drawdown (3Y) | -22.8% | -70.6% |
| Market cap | – | $6.6B |
| P/E (trailing) | – | 17.4 |
| Dividend yield | 0.44% | 1.19% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | WFRD |
|---|---|---|
| 2022 | -32.6% | +83.7% |
| 2023 | +54.9% | +92.1% |
| 2024 | +25.6% | -26.4% |
| 2025 | +20.8% | +11.1% |
| 2026 | +17.7% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WFRD good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and WFRD?
The QQQ/WFRD correlation stands at 0.33 on a 3-year window (1 year: 0.11, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is WFRD a good diversifier for QQQ?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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-wfrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-wfrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · WFRD correlations
