GALT vs QQQ: Correlation
How closely do Galectin Therapeutics Inc. (GALT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GALT and QQQ?
Across a 3-year window, the weekly returns of GALT and QQQ correlate at 0.03, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.11) runs below the 3-year figure (0.03). Stretching to 5 years gives 0.10, with an annualized covariance of 62.6 %².
Out of 11 assets tracked against GALT, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 22.3 percentage points (+4.0% for GALT against +26.3% for QQQ). Risk is not evenly split, since GALT carries 5.1 times the volatility of the other side.
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.
GALT vs QQQ: side by side
| GALT (Galectin Therapeutics Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.0% | +26.3% |
| 5-year return | +7.5% | +95.4% |
| Volatility (ann.) | 99.6% | 19.6% |
| Beta vs S&P 500 | 0.29 | 1.28 |
| Max drawdown (3Y) | -80.0% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | GALT | QQQ |
|---|---|---|
| 2022 | -45.4% | -32.6% |
| 2023 | +46.9% | +54.9% |
| 2024 | -22.3% | +25.6% |
| 2025 | +222.5% | +20.8% |
| 2026 | -0.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GALT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between GALT and QQQ?
The GALT/QQQ correlation stands at 0.03 on a 3-year window (1 year: -0.11, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GALT?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 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
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Related comparisons
Hubs: GALT correlations · QQQ correlations
