QQQ vs WINA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Winmark Corporation (WINA) carry a correlation of 0.14, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WINA?
Over the past 3 years, QQQ and WINA moved with a correlation of 0.14, which is weak. Little has changed lately, as the 1-year reading of 0.11 lands near the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 97.8 %².
By 3-year correlation, WINA places #3496 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 50.6 percentage points, +26.3% for QQQ against -24.3% for WINA. Risk is not evenly split, since WINA carries 1.8 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 WINA: side by side
| QQQ (Invesco QQQ Trust) | WINA (Winmark Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -24.3% |
| 5-year return | +95.4% | +89.5% |
| Volatility (ann.) | 19.6% | 35.4% |
| Beta vs S&P 500 | 1.28 | 0.47 |
| Max drawdown (3Y) | -22.8% | -34.0% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 30.4 |
| Dividend yield | 0.44% | 1.13% |
| 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 | WINA |
|---|---|---|
| 2022 | -32.6% | -2.8% |
| 2023 | +54.9% | +82.6% |
| 2024 | +25.6% | -3.3% |
| 2025 | +20.8% | +6.4% |
| 2026 | +17.7% | -16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WINA good diversifiers for each other?
Yes. With a correlation of 0.14, QQQ and WINA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and WINA?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with 0.11 over the last year and 0.29 over 5 years.
Is WINA a good diversifier for QQQ?
Yes. With a correlation of 0.14, QQQ and WINA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 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-wina.json
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[](https://www.pairbook.io/pair/qqq-vs-wina/)
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Related comparisons
Hubs: QQQ correlations · WINA correlations
