QQQ vs WY: Correlation
Invesco QQQ Trust (QQQ) and Weyerhaeuser (WY) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WY?
On 3 years of weekly data the QQQ/WY correlation comes out at 0.23, weak. The link has loosened recently: the 1-year correlation (-0.06) runs below the 3-year figure (0.23). The 5-year figure is 0.38, and annualized covariance runs at 111.7 %².
Among the 4755 assets we track against QQQ, WY ranks #2462 by 3-year correlation. The last year tells two different stories: QQQ led by 32.4 percentage points, +26.3% for QQQ against -6.1% for WY. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.06 to 0.63.
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 WY: side by side
| QQQ (Invesco QQQ Trust) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | +26.3% | -6.1% |
| 5-year return | +95.4% | -19.5% |
| Volatility (ann.) | 19.6% | 24.8% |
| Beta vs S&P 500 | 1.28 | 0.64 |
| Max drawdown (3Y) | -22.8% | -38.0% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 36.5 |
| Dividend yield | 0.44% | 3.49% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Real Estate |
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 | WY |
|---|---|---|
| 2022 | -32.6% | -20.4% |
| 2023 | +54.9% | +18.0% |
| 2024 | +25.6% | -16.6% |
| 2025 | +20.8% | -13.0% |
| 2026 | +17.7% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and WY?
As of 2026-08-27, the correlation of weekly returns between QQQ and WY is 0.23 over 3 years, -0.06 over 1 year and 0.38 over 5 years.
Is WY a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: QQQ correlations · WY correlations
