QQQ vs WTW: Correlation
How closely do Invesco QQQ Trust (QQQ) and Willis Towers Watson (WTW) trade together? Their weekly returns over three years give a correlation of 0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WTW?
Over the past 3 years, QQQ and WTW moved with a correlation of 0.07, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.01 lands near the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 31.2 %².
By 3-year correlation, WTW places #4083 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 22.1 points (+26.3% versus +4.2%). On a rolling one-year basis the correlation drifted between -0.11 and 0.36, a moderate band.
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 WTW: side by side
| QQQ (Invesco QQQ Trust) | WTW (Willis Towers Watson) | |
|---|---|---|
| 1-year return | +26.3% | +4.2% |
| 5-year return | +95.4% | +68.3% |
| Volatility (ann.) | 19.6% | 23.5% |
| Beta vs S&P 500 | 1.28 | 0.32 |
| Max drawdown (3Y) | -22.8% | -30.4% |
| Market cap | – | $31.5B |
| P/E (trailing) | – | 21.2 |
| Dividend yield | 0.44% | 0.55% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Financials |
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 | WTW |
|---|---|---|
| 2022 | -32.6% | +4.5% |
| 2023 | +54.9% | +0.1% |
| 2024 | +25.6% | +31.5% |
| 2025 | +20.8% | +6.1% |
| 2026 | +17.7% | +4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WTW good diversifiers for each other?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and WTW?
Using weekly returns as of 2026-08-27: 0.07 over 3 years, with -0.01 over the last year and 0.26 over 5 years.
Is WTW a good diversifier for QQQ?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.07 mean?
A reading of 0.07 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-wtw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-wtw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · WTW correlations
