QQQ vs WSBC: Correlation
How closely do Invesco QQQ Trust (QQQ) and WesBanco, Inc. (WSBC) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WSBC?
Over the past 3 years, QQQ and WSBC moved with a correlation of 0.24, which is weak. The link has loosened recently: the 1-year correlation (-0.05) runs below the 3-year figure (0.24). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 133.0 %².
By 3-year correlation, WSBC places #2343 of the 4755 assets tracked against QQQ. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +28.6% for WSBC.
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 WSBC: side by side
| QQQ (Invesco QQQ Trust) | WSBC (WesBanco, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +28.6% |
| 5-year return | +95.4% | +48.2% |
| Volatility (ann.) | 19.6% | 28.3% |
| Beta vs S&P 500 | 1.28 | 0.77 |
| Max drawdown (3Y) | -22.8% | -26.9% |
| Market cap | – | $3.9B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 0.44% | 3.73% |
| 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 | WSBC |
|---|---|---|
| 2022 | -32.6% | +9.9% |
| 2023 | +54.9% | -10.9% |
| 2024 | +25.6% | +8.8% |
| 2025 | +20.8% | +7.0% |
| 2026 | +17.7% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WSBC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and WSBC?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with -0.05 over the last year and 0.24 over 5 years.
Is WSBC a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 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-wsbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-wsbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · WSBC correlations
