QQQ vs WIA: Correlation
How closely do Invesco QQQ Trust (QQQ) and Western Asset Inflation-Linked Income Fund (WIA) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WIA?
Across a 3-year window, the weekly returns of QQQ and WIA correlate at 0.31, moderate. The link has tightened recently: the 1-year correlation (0.44) runs above the 3-year figure (0.31). Stretching to 5 years gives 0.40, with an annualized covariance of 44.3 %².
By 3-year correlation, WIA places #1449 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 24.2 points (+26.3% versus +2.1%). Risk is not evenly split, since QQQ carries 2.7 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 WIA: side by side
| QQQ (Invesco QQQ Trust) | WIA (Western Asset Inflation-Linked Income Fund) | |
|---|---|---|
| 1-year return | +26.3% | +2.1% |
| 5-year return | +95.4% | -3.9% |
| Volatility (ann.) | 19.6% | 7.2% |
| Beta vs S&P 500 | 1.28 | 0.20 |
| Max drawdown (3Y) | -22.8% | -6.4% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 14.0 |
| Dividend yield | 0.44% | 7.83% |
| 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 | WIA |
|---|---|---|
| 2022 | -32.6% | -25.8% |
| 2023 | +54.9% | +5.0% |
| 2024 | +25.6% | +6.1% |
| 2025 | +20.8% | +11.4% |
| 2026 | +17.7% | +1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WIA good diversifiers for each other?
Reasonably. At 0.31, QQQ and WIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and WIA?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.44 over the last year and 0.40 over 5 years.
Is WIA a good diversifier for QQQ?
Reasonably. At 0.31, QQQ and WIA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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-wia.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-wia/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · WIA correlations
