QQQ vs YORW: Correlation
Invesco QQQ Trust (QQQ) and The York Water Company (YORW) show a near-zero relationship: their 3-year correlation of weekly returns is 0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and YORW?
Across a 3-year window, the weekly returns of QQQ and YORW correlate at 0.04, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.12) than the 3-year average (0.04). Stretching to 5 years gives 0.14, with an annualized covariance of 15.0 %².
Within QQQ's tracked universe of 4755 assets, YORW comes in at #4281 by 3-year correlation. The last year tells two different stories: QQQ led by 15.4 percentage points, +26.3% for QQQ against +10.9% for YORW.
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 YORW: side by side
| QQQ (Invesco QQQ Trust) | YORW (The York Water Company) | |
|---|---|---|
| 1-year return | +26.3% | +10.9% |
| 5-year return | +95.4% | -26.0% |
| Volatility (ann.) | 19.6% | 20.5% |
| Beta vs S&P 500 | 1.28 | 0.18 |
| Max drawdown (3Y) | -22.8% | -26.4% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 21.2 |
| Dividend yield | 0.44% | 2.64% |
| 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 | YORW |
|---|---|---|
| 2022 | -32.6% | -7.9% |
| 2023 | +54.9% | -12.4% |
| 2024 | +25.6% | -13.2% |
| 2025 | +20.8% | +0.1% |
| 2026 | +17.7% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and YORW good diversifiers for each other?
Yes. With a correlation of 0.04, QQQ and YORW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and YORW?
As of 2026-08-27, the correlation of weekly returns between QQQ and YORW is 0.04 over 3 years, -0.12 over 1 year and 0.14 over 5 years.
Is YORW a good diversifier for QQQ?
Yes. With a correlation of 0.04, QQQ and YORW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.04 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-yorw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-yorw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · YORW correlations
