QQQ vs WSM: Correlation
How closely do Invesco QQQ Trust (QQQ) and Williams-Sonoma, Inc. (WSM) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WSM?
On 3 years of weekly data the QQQ/WSM correlation comes out at 0.39, moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.39). The 5-year figure is 0.50, and annualized covariance runs at 325.6 %².
By 3-year correlation, WSM places #733 of the 4755 assets tracked against QQQ. Their 12-month results are close: +26.3% for QQQ against +25.8% for WSM. On a rolling one-year basis the correlation drifted between 0.24 and 0.68, a moderate band. Note the risk asymmetry: WSM runs 2.2 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 WSM: side by side
| QQQ (Invesco QQQ Trust) | WSM (Williams-Sonoma, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +25.8% |
| 5-year return | +95.4% | +182.0% |
| Volatility (ann.) | 19.6% | 43.0% |
| Beta vs S&P 500 | 1.28 | 1.33 |
| Max drawdown (3Y) | -22.8% | -36.8% |
| Market cap | – | $28.1B |
| P/E (trailing) | – | 24.4 |
| Dividend yield | 0.44% | 0.56% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Consumer Discretionary |
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 | WSM |
|---|---|---|
| 2022 | -32.6% | -30.5% |
| 2023 | +54.9% | +80.2% |
| 2024 | +25.6% | +86.6% |
| 2025 | +20.8% | -2.1% |
| 2026 | +17.7% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WSM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and WSM?
The QQQ/WSM correlation stands at 0.39 on a 3-year window (1 year: 0.26, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is WSM a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-wsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-wsm/)
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Related comparisons
Hubs: QQQ correlations · WSM correlations
