QQQ vs WLY: Correlation
How closely do Invesco QQQ Trust (QQQ) and John Wiley & Sons, Inc. (WLY) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WLY?
Across a 3-year window, the weekly returns of QQQ and WLY correlate at 0.18, weak. Recent behaviour matches the longer record: 0.13 over 1 year against 0.18 over 3. Stretching to 5 years gives 0.34, with an annualized covariance of 118.4 %².
Within QQQ's tracked universe of 4755 assets, WLY comes in at #3109 by 3-year correlation. On 12-month performance WLY holds a 11.9-point edge, +26.3% against +38.2%. Note the risk asymmetry: WLY 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 WLY: side by side
| QQQ (Invesco QQQ Trust) | WLY (John Wiley & Sons, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +38.2% |
| 5-year return | +95.4% | +10.0% |
| Volatility (ann.) | 19.6% | 33.8% |
| Beta vs S&P 500 | 1.28 | 0.50 |
| Max drawdown (3Y) | -22.8% | -43.3% |
| Market cap | – | $2.7B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.44% | 2.67% |
| 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 | WLY |
|---|---|---|
| 2022 | -32.6% | -27.8% |
| 2023 | +54.9% | -17.5% |
| 2024 | +25.6% | +42.2% |
| 2025 | +20.8% | -27.2% |
| 2026 | +17.7% | +79.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WLY good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and WLY?
As of 2026-08-27, the correlation of weekly returns between QQQ and WLY is 0.18 over 3 years, 0.13 over 1 year and 0.34 over 5 years.
Is WLY a good diversifier for QQQ?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: QQQ correlations · WLY correlations
