QQQ vs WKSP: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Worksport, Ltd. (WKSP) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WKSP?
On 3 years of weekly data the QQQ/WKSP correlation comes out at 0.25, weak. Recent behaviour matches the longer record: 0.20 over 1 year against 0.25 over 3. The 5-year figure is 0.26, and annualized covariance runs at 536.3 %².
By 3-year correlation, WKSP places #2194 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 105.8 percentage points, +26.3% for QQQ against -79.5% for WKSP. Note the risk asymmetry: WKSP runs 5.6 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 WKSP: side by side
| QQQ (Invesco QQQ Trust) | WKSP (Worksport, Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | -79.5% |
| 5-year return | +95.4% | -98.8% |
| Volatility (ann.) | 19.6% | 108.8% |
| Beta vs S&P 500 | 1.28 | 1.80 |
| Max drawdown (3Y) | -22.8% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| 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 | WKSP |
|---|---|---|
| 2022 | -32.6% | -58.9% |
| 2023 | +54.9% | +49.7% |
| 2024 | +25.6% | -38.3% |
| 2025 | +20.8% | -76.8% |
| 2026 | +17.7% | -70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WKSP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and WKSP?
As of 2026-08-27, the correlation of weekly returns between QQQ and WKSP is 0.25 over 3 years, 0.20 over 1 year and 0.26 over 5 years.
Is WKSP a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 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.
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Related comparisons
Hubs: QQQ correlations · WKSP correlations
