QQQ vs WHLR: Correlation
Invesco QQQ Trust (QQQ) and Wheeler Real Estate Investment Trust, Inc. (WHLR) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WHLR?
On 3 years of weekly data the QQQ/WHLR correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.10) than the 3-year average (-0.15). The 5-year figure is -0.10, and annualized covariance runs at -1629.8 %².
By 3-year correlation, WHLR places #4742 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 126.3 points (+26.3% versus -100.0%). One caveat on sizing: WHLR is 27.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WHLR: side by side
| QQQ (Invesco QQQ Trust) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -100.0% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 545.0% |
| Beta vs S&P 500 | 1.28 | -5.84 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.44% | 0.00% |
| 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 | WHLR |
|---|---|---|
| 2022 | -32.6% | -28.0% |
| 2023 | +54.9% | -98.4% |
| 2024 | +25.6% | -98.4% |
| 2025 | +20.8% | -100.0% |
| 2026 | +17.7% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WHLR good diversifiers for each other?
Yes. With a correlation of -0.15, QQQ and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and WHLR?
The QQQ/WHLR correlation stands at -0.15 on a 3-year window (1 year: 0.10, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is WHLR a good diversifier for QQQ?
Yes. With a correlation of -0.15, QQQ and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
A reading of -0.15 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 · WHLR correlations
