QQQ vs WMB: Correlation
Invesco QQQ Trust (QQQ) and Williams Companies (WMB) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WMB?
On 3 years of weekly data the QQQ/WMB correlation comes out at 0.13, weak. The link has loosened recently: the 1-year correlation (-0.15) runs below the 3-year figure (0.13). The 5-year figure is 0.20, and annualized covariance runs at 62.6 %².
Among the 4755 assets we track against QQQ, WMB ranks #3604 by 3-year correlation. On 12-month performance WMB holds a 6.8-point edge, +26.3% against +33.1%. The relationship is regime-dependent: the rolling one-year correlation swung between -0.29 and 0.44 over the past three years, so this pair behaves very differently depending on the market environment.
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 WMB: side by side
| QQQ (Invesco QQQ Trust) | WMB (Williams Companies) | |
|---|---|---|
| 1-year return | +26.3% | +33.1% |
| 5-year return | +95.4% | +279.9% |
| Volatility (ann.) | 19.6% | 24.0% |
| Beta vs S&P 500 | 1.28 | 0.34 |
| Max drawdown (3Y) | -22.8% | -12.4% |
| Market cap | – | $90.7B |
| P/E (trailing) | – | 29.7 |
| Dividend yield | 0.44% | 2.76% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Energy |
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 | WMB |
|---|---|---|
| 2022 | -32.6% | +32.8% |
| 2023 | +54.9% | +11.9% |
| 2024 | +25.6% | +62.3% |
| 2025 | +20.8% | +14.9% |
| 2026 | +17.7% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WMB good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and WMB?
As of 2026-08-27, the correlation of weekly returns between QQQ and WMB is 0.13 over 3 years, -0.15 over 1 year and 0.20 over 5 years.
Is WMB a good diversifier for QQQ?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 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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Hubs: QQQ correlations · WMB correlations
