QQQ vs WTBA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and West Bancorporation (WTBA) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WTBA?
On 3 years of weekly data the QQQ/WTBA correlation comes out at 0.23, weak. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.23 over 3 years. The 5-year figure is 0.30, and annualized covariance runs at 136.7 %².
Among the 4755 assets we track against QQQ, WTBA ranks #2461 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WTBA outperformed by 21.6 percentage points (+26.3% for QQQ against +47.9% for WTBA). One caveat on sizing: WTBA is 1.6 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 WTBA: side by side
| QQQ (Invesco QQQ Trust) | WTBA (West Bancorporation) | |
|---|---|---|
| 1-year return | +26.3% | +47.9% |
| 5-year return | +95.4% | +16.8% |
| Volatility (ann.) | 19.6% | 30.5% |
| Beta vs S&P 500 | 1.28 | 0.75 |
| Max drawdown (3Y) | -22.8% | -26.9% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.44% | 3.53% |
| 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 | WTBA |
|---|---|---|
| 2022 | -32.6% | -14.4% |
| 2023 | +54.9% | -12.4% |
| 2024 | +25.6% | +7.7% |
| 2025 | +20.8% | +7.7% |
| 2026 | +17.7% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WTBA good diversifiers for each other?
Reasonably. At 0.23, QQQ and WTBA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and WTBA?
As of 2026-08-27, the correlation of weekly returns between QQQ and WTBA is 0.23 over 3 years, -0.03 over 1 year and 0.30 over 5 years.
Is WTBA a good diversifier for QQQ?
Reasonably. At 0.23, QQQ and WTBA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: QQQ correlations · WTBA correlations
