QQQ vs WMK: Correlation
How closely do Invesco QQQ Trust (QQQ) and Weis Markets, Inc. (WMK) trade together? Their weekly returns over three years give a correlation of -0.08, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WMK?
Across a 3-year window, the weekly returns of QQQ and WMK correlate at -0.08, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives 0.02, with an annualized covariance of -38.9 %².
Within QQQ's tracked universe of 4755 assets, WMK comes in at #4703 by 3-year correlation. The last year tells two different stories: QQQ led by 29.2 percentage points, +26.3% for QQQ against -2.9% for WMK.
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 WMK: side by side
| QQQ (Invesco QQQ Trust) | WMK (Weis Markets, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -2.9% |
| 5-year return | +95.4% | +36.2% |
| Volatility (ann.) | 19.6% | 26.2% |
| Beta vs S&P 500 | 1.28 | 0.07 |
| Max drawdown (3Y) | -22.8% | -29.4% |
| Market cap | – | – |
| P/E (trailing) | – | 17.6 |
| Dividend yield | 0.44% | 1.92% |
| 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 | WMK |
|---|---|---|
| 2022 | -32.6% | +27.1% |
| 2023 | +54.9% | -20.8% |
| 2024 | +25.6% | +8.0% |
| 2025 | +20.8% | -3.6% |
| 2026 | +17.7% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WMK good diversifiers for each other?
Yes: at -0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and WMK?
Using weekly returns as of 2026-08-27: -0.08 over 3 years, with -0.17 over the last year and 0.02 over 5 years.
Is WMK a good diversifier for QQQ?
Yes: at -0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.08 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-wmk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-wmk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · WMK correlations
