QQQ vs WWW: Correlation
How closely do Invesco QQQ Trust (QQQ) and Wolverine World Wide, Inc. (WWW) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WWW?
Across a 3-year window, the weekly returns of QQQ and WWW correlate at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 373.0 %².
Within QQQ's tracked universe of 4755 assets, WWW comes in at #1249 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 62.7 points (+26.3% versus -36.4%). Risk is not evenly split, since WWW carries 2.9 times the volatility of the other side.
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 WWW: side by side
| QQQ (Invesco QQQ Trust) | WWW (Wolverine World Wide, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -36.4% |
| 5-year return | +95.4% | -38.6% |
| Volatility (ann.) | 19.6% | 57.1% |
| Beta vs S&P 500 | 1.28 | 1.60 |
| Max drawdown (3Y) | -22.8% | -58.0% |
| Market cap | – | $1.6B |
| P/E (trailing) | – | 15.7 |
| Dividend yield | 0.44% | 1.99% |
| 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 | WWW |
|---|---|---|
| 2022 | -32.6% | -61.1% |
| 2023 | +54.9% | -15.6% |
| 2024 | +25.6% | +155.3% |
| 2025 | +20.8% | -16.5% |
| 2026 | +17.7% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WWW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and WWW?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.27 over the last year and 0.36 over 5 years.
Is WWW a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-www.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-www/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · WWW correlations
