QQQ vs WK: Correlation
How closely do Invesco QQQ Trust (QQQ) and Workiva Inc. (WK) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WK?
Over the past 3 years, QQQ and WK moved with a correlation of 0.21, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.21 over 3 years. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 166.9 %².
Among the 4755 assets we track against QQQ, WK ranks #2750 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 29.7 points (+26.3% versus -3.4%). Risk is not evenly split, since WK carries 2.0 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 WK: side by side
| QQQ (Invesco QQQ Trust) | WK (Workiva Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -3.4% |
| 5-year return | +95.4% | -46.1% |
| Volatility (ann.) | 19.6% | 40.0% |
| Beta vs S&P 500 | 1.28 | 0.72 |
| Max drawdown (3Y) | -22.8% | -61.4% |
| Market cap | – | $4.2B |
| P/E (trailing) | – | 92.4 |
| Dividend yield | 0.44% | 0.00% |
| 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 | WK |
|---|---|---|
| 2022 | -32.6% | -35.7% |
| 2023 | +54.9% | +20.9% |
| 2024 | +25.6% | +7.8% |
| 2025 | +20.8% | -21.2% |
| 2026 | +17.7% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and WK?
As of 2026-08-27, the correlation of weekly returns between QQQ and WK is 0.21 over 3 years, 0.09 over 1 year and 0.43 over 5 years.
Is WK a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
A reading of 0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · WK correlations
