QQQ vs WRB: Correlation
Invesco QQQ Trust (QQQ) and W. R. Berkley Corporation (WRB) show a near-zero relationship: their 3-year correlation of weekly returns is -0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WRB?
On 3 years of weekly data the QQQ/WRB correlation comes out at -0.03, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.29 versus -0.03 over 3 years. The 5-year figure is 0.06, and annualized covariance runs at -14.6 %².
By 3-year correlation, WRB places #4594 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 28.3 percentage points (+26.3% for QQQ against -2.0% for WRB). This link changes with the market regime, having swung between -0.31 and 0.29 on a rolling one-year basis.
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 WRB: side by side
| QQQ (Invesco QQQ Trust) | WRB (W. R. Berkley Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -2.0% |
| 5-year return | +95.4% | +130.5% |
| Volatility (ann.) | 19.6% | 22.5% |
| Beta vs S&P 500 | 1.28 | 0.19 |
| Max drawdown (3Y) | -22.8% | -17.6% |
| Market cap | – | $25.4B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.44% | 0.54% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Financials |
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 | WRB |
|---|---|---|
| 2022 | -32.6% | +33.9% |
| 2023 | +54.9% | +0.2% |
| 2024 | +25.6% | +27.2% |
| 2025 | +20.8% | +23.0% |
| 2026 | +17.7% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WRB good diversifiers for each other?
Yes. With a correlation of -0.03, QQQ and WRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and WRB?
Using weekly returns as of 2026-08-27: -0.03 over 3 years, with -0.29 over the last year and 0.06 over 5 years.
Is WRB a good diversifier for QQQ?
Yes. With a correlation of -0.03, QQQ and WRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.03 mean?
A reading of -0.03 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-wrb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-wrb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · WRB correlations
