GAME vs QQQ: Correlation
GameSquare Holdings, Inc. (GAME) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAME and QQQ?
On 3 years of weekly data the GAME/QQQ correlation comes out at 0.06, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.08) sits close to the 3-year figure. The 5-year figure is 0.05, and annualized covariance runs at 495.6 %².
QQQ is close to the least connected end of GAME's tracked universe, ranking #6 of 10. Their recent paths diverged sharply: over the last 12 months GAME outperformed by 280.8 percentage points (+307.1% for GAME against +26.3% for QQQ). One caveat on sizing: GAME is 20.3 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.
GAME vs QQQ: side by side
| GAME (GameSquare Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +307.1% | +26.3% |
| 5-year return | -88.4% | +95.4% |
| Volatility (ann.) | 398.8% | 19.6% |
| Beta vs S&P 500 | 1.64 | 1.28 |
| Max drawdown (3Y) | -90.7% | -22.8% |
| Market cap | – | – |
| 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 | GAME | QQQ |
|---|---|---|
| 2022 | -67.8% | -32.6% |
| 2023 | -53.8% | +54.9% |
| 2024 | -54.4% | +25.6% |
| 2025 | -53.3% | +20.8% |
| 2026 | +736.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAME and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
FAQ
What is the correlation between GAME and QQQ?
As of 2026-08-27, the correlation of weekly returns between GAME and QQQ is 0.06 over 3 years, 0.08 over 1 year and 0.05 over 5 years.
Is QQQ a good diversifier for GAME?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
What does a correlation of 0.06 mean?
On the −1 to +1 scale, 0.06 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: GAME correlations · QQQ correlations
