QQQ vs WTFC: Correlation
How closely do Invesco QQQ Trust (QQQ) and Wintrust Financial Corporation (WTFC) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WTFC?
Across a 3-year window, the weekly returns of QQQ and WTFC correlate at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.40 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 217.9 %².
Within QQQ's tracked universe of 4755 assets, WTFC comes in at #651 by 3-year correlation. On 12-month performance QQQ holds a 13.6-point edge, +26.3% against +12.7%.
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 WTFC: side by side
| QQQ (Invesco QQQ Trust) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +12.7% |
| 5-year return | +95.4% | +127.7% |
| Volatility (ann.) | 19.6% | 27.6% |
| Beta vs S&P 500 | 1.28 | 1.06 |
| Max drawdown (3Y) | -22.8% | -31.0% |
| Market cap | – | $10.3B |
| P/E (trailing) | – | 12.3 |
| Dividend yield | 0.44% | 1.37% |
| 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 | WTFC |
|---|---|---|
| 2022 | -32.6% | -5.5% |
| 2023 | +54.9% | +12.0% |
| 2024 | +25.6% | +36.8% |
| 2025 | +20.8% | +13.9% |
| 2026 | +17.7% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WTFC good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and WTFC?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.14 over the last year and 0.40 over 5 years.
Is WTFC a good diversifier for QQQ?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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
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Related comparisons
Hubs: QQQ correlations · WTFC correlations
