QQQ vs WRN: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Western Copper and Gold Corporation (WRN) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WRN?
On 3 years of weekly data the QQQ/WRN correlation comes out at 0.25, weak. The past 12 months show a tighter link (0.48) than the 3-year average (0.25). The 5-year figure is 0.26, and annualized covariance runs at 256.7 %².
By 3-year correlation, WRN places #2196 of the 4755 assets tracked against QQQ. The last year tells two different stories: WRN led by 56.1 percentage points, +26.3% for QQQ against +82.4% for WRN. Note the risk asymmetry: WRN runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WRN: side by side
| QQQ (Invesco QQQ Trust) | WRN (Western Copper and Gold Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +82.4% |
| 5-year return | +95.4% | +50.6% |
| Volatility (ann.) | 19.6% | 53.2% |
| Beta vs S&P 500 | 1.28 | 0.99 |
| Max drawdown (3Y) | -22.8% | -50.1% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 259.0 |
| Dividend yield | 0.44% | 0.00% |
| 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 | WRN |
|---|---|---|
| 2022 | -32.6% | +14.1% |
| 2023 | +54.9% | -25.3% |
| 2024 | +25.6% | -21.1% |
| 2025 | +20.8% | +154.3% |
| 2026 | +17.7% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WRN good diversifiers for each other?
Reasonably. At 0.25, QQQ and WRN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and WRN?
As of 2026-08-27, the correlation of weekly returns between QQQ and WRN is 0.25 over 3 years, 0.48 over 1 year and 0.26 over 5 years.
Is WRN a good diversifier for QQQ?
Reasonably. At 0.25, QQQ and WRN 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-wrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-wrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · WRN correlations
