QQQ vs WHG: Correlation
Invesco QQQ Trust (QQQ) and Westwood Holdings Group Inc (WHG) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WHG?
On 3 years of weekly data the QQQ/WHG correlation comes out at 0.20, weak. The past 12 months show a weaker link (0.03) than the 3-year average (0.20). The 5-year figure is 0.17, and annualized covariance runs at 130.3 %².
Within QQQ's tracked universe of 4755 assets, WHG comes in at #2868 by 3-year correlation. On 12-month performance QQQ holds a 11.9-point edge, +26.3% against +14.4%. Risk is not evenly split, since WHG carries 1.7 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 WHG: side by side
| QQQ (Invesco QQQ Trust) | WHG (Westwood Holdings Group Inc) | |
|---|---|---|
| 1-year return | +26.3% | +14.4% |
| 5-year return | +95.4% | +12.6% |
| Volatility (ann.) | 19.6% | 33.1% |
| Beta vs S&P 500 | 1.28 | 0.61 |
| Max drawdown (3Y) | -22.8% | -21.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 22.8 |
| Dividend yield | 0.44% | 3.02% |
| 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 | WHG |
|---|---|---|
| 2022 | -32.6% | -31.4% |
| 2023 | +54.9% | +19.0% |
| 2024 | +25.6% | +20.9% |
| 2025 | +20.8% | +23.1% |
| 2026 | +17.7% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WHG good diversifiers for each other?
Reasonably. At 0.20, QQQ and WHG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and WHG?
The QQQ/WHG correlation stands at 0.20 on a 3-year window (1 year: 0.03, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is WHG a good diversifier for QQQ?
Reasonably. At 0.20, QQQ and WHG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 mean?
A reading of 0.20 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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[](https://www.pairbook.io/pair/qqq-vs-whg/)
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Related comparisons
Hubs: QQQ correlations · WHG correlations
