QQQ vs WTRG: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Essential Utilities, Inc. (WTRG) carry a correlation of -0.14, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WTRG?
On 3 years of weekly data the QQQ/WTRG correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.14 over 3 years. The 5-year figure is 0.17, and annualized covariance runs at -54.9 %².
Within QQQ's tracked universe of 4755 assets, WTRG comes in at #4737 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 20.7 percentage points (+26.3% for QQQ against +5.6% for WTRG).
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 WTRG: side by side
| QQQ (Invesco QQQ Trust) | WTRG (Essential Utilities, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +5.6% |
| 5-year return | +95.4% | -5.2% |
| Volatility (ann.) | 19.6% | 19.6% |
| Beta vs S&P 500 | 1.28 | -0.04 |
| Max drawdown (3Y) | -22.8% | -17.9% |
| Market cap | – | $11.5B |
| P/E (trailing) | – | 20.9 |
| Dividend yield | 0.44% | 3.36% |
| 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 | WTRG |
|---|---|---|
| 2022 | -32.6% | -8.9% |
| 2023 | +54.9% | -19.4% |
| 2024 | +25.6% | +0.5% |
| 2025 | +20.8% | +9.4% |
| 2026 | +17.7% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WTRG good diversifiers for each other?
Yes. With a correlation of -0.14, QQQ and WTRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and WTRG?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with -0.41 over the last year and 0.17 over 5 years.
Is WTRG a good diversifier for QQQ?
Yes. With a correlation of -0.14, QQQ and WTRG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 mean?
A reading of -0.14 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-wtrg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-wtrg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · WTRG correlations
