G vs QQQ: Correlation
Measured on weekly returns over the past three years, Genpact Limited (G) and Invesco QQQ Trust (QQQ) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are G and QQQ?
Over the past 3 years, G and QQQ moved with a correlation of 0.15, which is weak. The past 12 months show a weaker link (-0.10) than the 3-year average (0.15). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 100.1 %².
Out of 13 assets tracked against G, QQQ lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 42.4 points (-16.1% versus +26.3%). One caveat on sizing: G is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
G vs QQQ: side by side
| G (Genpact Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -16.1% | +26.3% |
| 5-year return | -22.8% | +95.4% |
| Volatility (ann.) | 34.0% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -49.4% | -22.8% |
| Market cap | $6.3B | – |
| P/E (trailing) | 11.0 | – |
| Dividend yield | 1.94% | 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 | G | QQQ |
|---|---|---|
| 2022 | -11.7% | -32.6% |
| 2023 | -24.0% | +54.9% |
| 2024 | +25.8% | +25.6% |
| 2025 | +10.2% | +20.8% |
| 2026 | -18.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are G and QQQ good diversifiers for each other?
Yes. With a correlation of 0.15, G and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between G and QQQ?
The G/QQQ correlation stands at 0.15 on a 3-year window (1 year: -0.10, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for G?
Yes. With a correlation of 0.15, G and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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/g-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/g-vs-qqq/)
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Related comparisons
Hubs: G correlations · QQQ correlations
