QQQ vs WKC: Correlation
How closely do Invesco QQQ Trust (QQQ) and World Kinect Corporation (WKC) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WKC?
Over the past 3 years, QQQ and WKC moved with a correlation of 0.23, which is weak. The past 12 months show a weaker link (-0.08) than the 3-year average (0.23). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 141.2 %².
Within QQQ's tracked universe of 4755 assets, WKC comes in at #2459 by 3-year correlation. On 12-month performance WKC holds a 10.2-point edge, +26.3% against +36.5%. Note the risk asymmetry: WKC runs 1.6 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 WKC: side by side
| QQQ (Invesco QQQ Trust) | WKC (World Kinect Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +36.5% |
| 5-year return | +95.4% | +26.9% |
| Volatility (ann.) | 19.6% | 31.0% |
| Beta vs S&P 500 | 1.28 | 0.78 |
| Max drawdown (3Y) | -22.8% | -25.4% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 2.30% |
| 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 | WKC |
|---|---|---|
| 2022 | -32.6% | +5.3% |
| 2023 | +54.9% | -14.6% |
| 2024 | +25.6% | +23.8% |
| 2025 | +20.8% | -12.3% |
| 2026 | +17.7% | +55.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WKC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and WKC?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with -0.08 over the last year and 0.25 over 5 years.
Is WKC a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-wkc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-wkc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · WKC correlations
