QQQ vs WT: Correlation
How closely do Invesco QQQ Trust (QQQ) and WisdomTree, Inc. (WT) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WT?
Across a 3-year window, the weekly returns of QQQ and WT correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.43 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 290.3 %².
Within QQQ's tracked universe of 4755 assets, WT comes in at #502 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WT ahead by 60.4 points (+26.3% versus +86.7%). One caveat on sizing: WT is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WT: side by side
| QQQ (Invesco QQQ Trust) | WT (WisdomTree, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +86.7% |
| 5-year return | +95.4% | +330.3% |
| Volatility (ann.) | 19.6% | 34.2% |
| Beta vs S&P 500 | 1.28 | 1.17 |
| Max drawdown (3Y) | -22.8% | -36.9% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | 44.7 |
| Dividend yield | 0.44% | 0.48% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | WT |
|---|---|---|
| 2022 | -32.6% | -8.9% |
| 2023 | +54.9% | +29.6% |
| 2024 | +25.6% | +53.5% |
| 2025 | +20.8% | +17.4% |
| 2026 | +17.7% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WT good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and WT?
As of 2026-08-27, the correlation of weekly returns between QQQ and WT is 0.43 over 3 years, 0.45 over 1 year and 0.44 over 5 years.
Is WT a good diversifier for QQQ?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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-wt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-wt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · WT correlations
