GAIN vs QQQ: Correlation
Gl (GAIN) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAIN and QQQ?
Across a 3-year window, the weekly returns of GAIN and QQQ correlate at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 139.3 %².
Among the 10 assets we track against GAIN, QQQ sits near the bottom by co-movement, at rank #7. Twelve-month performance is nearly a tie, at +24.9% for GAIN and +26.3% for QQQ.
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.
GAIN vs QQQ: side by side
| GAIN (Gl) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.9% | +26.3% |
| 5-year return | +92.6% | +95.4% |
| Volatility (ann.) | 20.1% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -14.8% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 3.8 | – |
| Dividend yield | 5.86% | 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 | GAIN | QQQ |
|---|---|---|
| 2022 | -17.5% | -32.6% |
| 2023 | +31.0% | +54.9% |
| 2024 | +5.3% | +25.6% |
| 2025 | +17.1% | +20.8% |
| 2026 | +22.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAIN and QQQ good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GAIN and QQQ?
As of 2026-08-27, the correlation of weekly returns between GAIN and QQQ is 0.35 over 3 years, 0.36 over 1 year and 0.47 over 5 years.
Is QQQ a good diversifier for GAIN?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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
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Related comparisons
Hubs: GAIN correlations · QQQ correlations
