QQQ vs WPC: Correlation
Invesco QQQ Trust (QQQ) and W. P. Carey Inc. REIT (WPC) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WPC?
Over the past 3 years, QQQ and WPC moved with a correlation of 0.09, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.09 over 3 years. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 36.0 %².
By 3-year correlation, WPC places #3943 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 15.1 percentage points (+26.3% for QQQ against +11.2% for WPC).
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 WPC: side by side
| QQQ (Invesco QQQ Trust) | WPC (W. P. Carey Inc. REIT) | |
|---|---|---|
| 1-year return | +26.3% | +11.2% |
| 5-year return | +95.4% | +23.0% |
| Volatility (ann.) | 19.6% | 20.9% |
| Beta vs S&P 500 | 1.28 | 0.30 |
| Max drawdown (3Y) | -22.8% | -19.6% |
| Market cap | – | $16.0B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 0.44% | 5.20% |
| 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 | WPC |
|---|---|---|
| 2022 | -32.6% | +0.5% |
| 2023 | +54.9% | -9.9% |
| 2024 | +25.6% | -10.6% |
| 2025 | +20.8% | +25.0% |
| 2026 | +17.7% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WPC good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and WPC?
Using weekly returns as of 2026-08-27: 0.09 over 3 years, with -0.03 over the last year and 0.22 over 5 years.
Is WPC a good diversifier for QQQ?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.09 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-wpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-wpc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · WPC correlations
