QQQ vs WRAP: Correlation
Invesco QQQ Trust (QQQ) and Wrap Technologies, Inc. (WRAP) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WRAP?
Over the past 3 years, QQQ and WRAP moved with a correlation of 0.25, which is weak. Recent behaviour matches the longer record: 0.29 over 1 year against 0.25 over 3. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 517.9 %².
Within QQQ's tracked universe of 4755 assets, WRAP comes in at #2195 by 3-year correlation. Their 12-month results are close: +26.3% for QQQ against +30.3% for WRAP. Risk is not evenly split, since WRAP carries 5.4 times the volatility of the other side.
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 WRAP: side by side
| QQQ (Invesco QQQ Trust) | WRAP (Wrap Technologies, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +30.3% |
| 5-year return | +95.4% | -77.2% |
| Volatility (ann.) | 19.6% | 106.0% |
| Beta vs S&P 500 | 1.28 | 2.11 |
| Max drawdown (3Y) | -22.8% | -76.8% |
| Market cap | – | $0.1B |
| 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 |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | WRAP |
|---|---|---|
| 2022 | -32.6% | -57.0% |
| 2023 | +54.9% | +83.4% |
| 2024 | +25.6% | -31.6% |
| 2025 | +20.8% | +12.3% |
| 2026 | +17.7% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WRAP good diversifiers for each other?
Reasonably. At 0.25, QQQ and WRAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and WRAP?
The QQQ/WRAP correlation stands at 0.25 on a 3-year window (1 year: 0.29, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is WRAP a good diversifier for QQQ?
Reasonably. At 0.25, QQQ and WRAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-wrap.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-wrap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · WRAP correlations
