QQQ vs WYNN: Correlation
Invesco QQQ Trust (QQQ) and Wynn Resorts (WYNN) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and WYNN?
On 3 years of weekly data the QQQ/WYNN correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 207.7 %².
Within QQQ's tracked universe of 4755 assets, WYNN comes in at #1451 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 49.6 points (+26.3% versus -23.3%). This link changes with the market regime, having swung between 0.02 and 0.55 on a rolling one-year basis. Note the risk asymmetry: WYNN runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WYNN: side by side
| QQQ (Invesco QQQ Trust) | WYNN (Wynn Resorts) | |
|---|---|---|
| 1-year return | +26.3% | -23.3% |
| 5-year return | +95.4% | -2.9% |
| Volatility (ann.) | 19.6% | 34.7% |
| Beta vs S&P 500 | 1.28 | 0.88 |
| Max drawdown (3Y) | -22.8% | -37.8% |
| Market cap | – | $9.6B |
| P/E (trailing) | – | 22.4 |
| Dividend yield | 0.44% | 1.03% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Consumer Discretionary |
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 | WYNN |
|---|---|---|
| 2022 | -32.6% | -3.0% |
| 2023 | +54.9% | +11.3% |
| 2024 | +25.6% | -4.4% |
| 2025 | +20.8% | +41.0% |
| 2026 | +17.7% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and WYNN good diversifiers for each other?
Reasonably. At 0.31, QQQ and WYNN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and WYNN?
The QQQ/WYNN correlation stands at 0.31 on a 3-year window (1 year: 0.28, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is WYNN a good diversifier for QQQ?
Reasonably. At 0.31, QQQ and WYNN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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-wynn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-wynn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · WYNN correlations
