GATX vs QQQ: Correlation
How closely do GATX Corporation (GATX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GATX and QQQ?
On 3 years of weekly data the GATX/QQQ correlation comes out at 0.35, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.35). The 5-year figure is 0.40, and annualized covariance runs at 166.0 %².
Among the 10 assets we track against GATX, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.2 percentage points (+9.1% for GATX against +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.
GATX vs QQQ: side by side
| GATX (GATX Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.1% | +26.3% |
| 5-year return | +112.2% | +95.4% |
| Volatility (ann.) | 24.2% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -18.1% | -22.8% |
| Market cap | $6.3B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 1.42% | 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 | GATX | QQQ |
|---|---|---|
| 2022 | +4.2% | -32.6% |
| 2023 | +15.2% | +54.9% |
| 2024 | +31.1% | +25.6% |
| 2025 | +11.1% | +20.8% |
| 2026 | +6.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GATX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GATX and QQQ?
As of 2026-08-27, the correlation of weekly returns between GATX and QQQ is 0.35 over 3 years, 0.16 over 1 year and 0.40 over 5 years.
Is QQQ a good diversifier for GATX?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
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
$ curl https://www.pairbook.io/api/v1/pairs/gatx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gatx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GATX correlations · QQQ correlations
