QQQ vs WSC: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and WillScot Holdings Corporation (WSC) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WSC?
Over the past 3 years, QQQ and WSC moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 453.4 %².
By 3-year correlation, WSC places #258 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 41.2 percentage points (+26.3% for QQQ against -14.9% for WSC). Risk is not evenly split, since WSC carries 2.3 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 WSC: side by side
| QQQ (Invesco QQQ Trust) | WSC (WillScot Holdings Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -14.9% |
| 5-year return | +95.4% | -27.7% |
| Volatility (ann.) | 19.6% | 45.9% |
| Beta vs S&P 500 | 1.28 | 1.72 |
| Max drawdown (3Y) | -22.8% | -70.7% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 1.31% |
| 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 | WSC |
|---|---|---|
| 2022 | -32.6% | +10.6% |
| 2023 | +54.9% | -1.5% |
| 2024 | +25.6% | -24.8% |
| 2025 | +20.8% | -43.1% |
| 2026 | +17.7% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WSC good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between QQQ and WSC?
As of 2026-08-27, the correlation of weekly returns between QQQ and WSC is 0.51 over 3 years, 0.46 over 1 year and 0.47 over 5 years.
Is WSC a good diversifier for QQQ?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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-wsc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-wsc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · WSC correlations
