QQQ vs WGO: Correlation
Invesco QQQ Trust (QQQ) and Winnebago Industries, Inc. (WGO) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WGO?
On 3 years of weekly data the QQQ/WGO correlation comes out at 0.26, weak. Little has changed lately, as the 1-year reading of 0.19 lands near the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 216.3 %².
By 3-year correlation, WGO places #2052 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 39.6 points (+26.3% versus -13.3%). Note the risk asymmetry: WGO runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WGO: side by side
| QQQ (Invesco QQQ Trust) | WGO (Winnebago Industries, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -13.3% |
| 5-year return | +95.4% | -52.5% |
| Volatility (ann.) | 19.6% | 43.3% |
| Beta vs S&P 500 | 1.28 | 1.09 |
| Max drawdown (3Y) | -22.8% | -60.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 0.44% | 4.51% |
| 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 | WGO |
|---|---|---|
| 2022 | -32.6% | -28.7% |
| 2023 | +54.9% | +40.9% |
| 2024 | +25.6% | -33.1% |
| 2025 | +20.8% | -11.9% |
| 2026 | +17.7% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WGO good diversifiers for each other?
Reasonably. At 0.26, QQQ and WGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and WGO?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.19 over the last year and 0.35 over 5 years.
Is WGO a good diversifier for QQQ?
Reasonably. At 0.26, QQQ and WGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: QQQ correlations · WGO correlations
