QQQ vs WTS: Correlation
Invesco QQQ Trust (QQQ) and Watts Water Technologies, Inc. (WTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WTS?
On 3 years of weekly data the QQQ/WTS correlation comes out at 0.43, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.43). The 5-year figure is 0.51, and annualized covariance runs at 207.1 %².
By 3-year correlation, WTS places #503 of the 4755 assets tracked against QQQ. Over the last 12 months WTS came out ahead by 5.6 percentage points (+26.3% against +31.9%).
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 WTS: side by side
| QQQ (Invesco QQQ Trust) | WTS (Watts Water Technologies, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +31.9% |
| 5-year return | +95.4% | +125.4% |
| Volatility (ann.) | 19.6% | 24.6% |
| Beta vs S&P 500 | 1.28 | 0.89 |
| Max drawdown (3Y) | -22.8% | -19.5% |
| Market cap | – | $12.4B |
| P/E (trailing) | – | 32.5 |
| Dividend yield | 0.44% | 0.58% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | WTS |
|---|---|---|
| 2022 | -32.6% | -24.1% |
| 2023 | +54.9% | +43.6% |
| 2024 | +25.6% | -1.6% |
| 2025 | +20.8% | +36.8% |
| 2026 | +17.7% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WTS good diversifiers for each other?
Reasonably. At 0.43, QQQ and WTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and WTS?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.28 over the last year and 0.51 over 5 years.
Is WTS a good diversifier for QQQ?
Reasonably. At 0.43, QQQ and WTS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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 · WTS correlations
