QQQ vs WIT: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Wipro Limited (WIT) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WIT?
On 3 years of weekly data the QQQ/WIT correlation comes out at 0.40, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.40). The 5-year figure is 0.46, and annualized covariance runs at 255.0 %².
Among the 4755 assets we track against QQQ, WIT ranks #650 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 61.5 points (+26.3% versus -35.2%). Note the risk asymmetry: WIT runs 1.7 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 WIT: side by side
| QQQ (Invesco QQQ Trust) | WIT (Wipro Limited) | |
|---|---|---|
| 1-year return | +26.3% | -35.2% |
| 5-year return | +95.4% | -58.2% |
| Volatility (ann.) | 19.6% | 32.7% |
| Beta vs S&P 500 | 1.28 | 0.88 |
| Max drawdown (3Y) | -22.8% | -51.2% |
| Market cap | – | $17.8B |
| P/E (trailing) | – | 13.8 |
| Dividend yield | 0.44% | 437.16% |
| 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 | WIT |
|---|---|---|
| 2022 | -32.6% | -51.8% |
| 2023 | +54.9% | +19.8% |
| 2024 | +25.6% | +27.4% |
| 2025 | +20.8% | -16.6% |
| 2026 | +17.7% | -35.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WIT good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and WIT?
The QQQ/WIT correlation stands at 0.40 on a 3-year window (1 year: 0.28, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is WIT a good diversifier for QQQ?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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-wit.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-wit/)
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Related comparisons
Hubs: QQQ correlations · WIT correlations
