BAR vs QQQ: Correlation
Measured on weekly returns over the past three years, GraniteShares Gold Trust Shares of Beneficial Interest (BAR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAR and QQQ?
On 3 years of weekly data the BAR/QQQ correlation comes out at 0.13, weak. Lately the two have moved closer together, with the 1-year correlation at 0.36 versus 0.13 over 3 years. The 5-year figure is 0.16, and annualized covariance runs at 47.7 %².
Among the 14 assets we track against BAR, QQQ sits near the bottom by co-movement, at rank #10. The trailing year gives BAR the advantage: +35.5% versus +26.3%, a 9.2-point spread.
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.
BAR vs QQQ: side by side
| BAR (GraniteShares Gold Trust Shares of Beneficial Interest) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +35.5% | +26.3% |
| 5-year return | +152.4% | +95.4% |
| Volatility (ann.) | 18.6% | 19.6% |
| Beta vs S&P 500 | 0.17 | 1.28 |
| Max drawdown (3Y) | -26.3% | -22.8% |
| Dividend yield | – | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
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 | BAR | QQQ |
|---|---|---|
| 2022 | -0.6% | -32.6% |
| 2023 | +13.0% | +54.9% |
| 2024 | +27.0% | +25.6% |
| 2025 | +64.1% | +20.8% |
| 2026 | +6.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAR and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between BAR and QQQ?
The BAR/QQQ correlation stands at 0.13 on a 3-year window (1 year: 0.36, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BAR?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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/bar-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bar-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAR correlations · QQQ correlations
