GANX vs QQQ: Correlation
Gain Therapeutics, Inc. (GANX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GANX and QQQ?
Over the past 3 years, GANX and QQQ moved with a correlation of 0.21, which is weak. Recent behaviour matches the longer record: 0.22 over 1 year against 0.21 over 3. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 405.0 %².
QQQ is close to the least connected end of GANX's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 26.8 percentage points, -0.5% for GANX against +26.3% for QQQ. Risk is not evenly split, since GANX carries 5.0 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.
GANX vs QQQ: side by side
| GANX (Gain Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -0.5% | +26.3% |
| 5-year return | -76.4% | +95.4% |
| Volatility (ann.) | 98.1% | 19.6% |
| Beta vs S&P 500 | 1.61 | 1.28 |
| Max drawdown (3Y) | -81.4% | -22.8% |
| Market cap | $0.1B | – |
| 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 | GANX | QQQ |
|---|---|---|
| 2022 | -42.4% | -32.6% |
| 2023 | +4.3% | +54.9% |
| 2024 | -33.8% | +25.6% |
| 2025 | +49.1% | +20.8% |
| 2026 | -42.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GANX and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GANX and QQQ?
As of 2026-08-27, the correlation of weekly returns between GANX and QQQ is 0.21 over 3 years, 0.22 over 1 year and 0.25 over 5 years.
Is QQQ a good diversifier for GANX?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
A reading of 0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ganx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ganx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GANX correlations · QQQ correlations
