GBLI vs QQQ: Correlation
Measured on weekly returns over the past three years, Global Indemnity Group, LLC - Class A (GBLI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBLI and QQQ?
Over the past 3 years, GBLI and QQQ moved with a correlation of 0.06, which is near zero, meaning they move largely independently. The past 12 months show a tighter link (0.20) than the 3-year average (0.06). Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is 25.5 %².
By 3-year correlation, QQQ places #6 of the 20 assets tracked against GBLI. The last year tells two different stories: QQQ led by 22.5 percentage points, +3.8% for GBLI 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.
GBLI vs QQQ: side by side
| GBLI (Global Indemnity Group, LLC - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.8% | +26.3% |
| 5-year return | +37.0% | +95.4% |
| Volatility (ann.) | 22.2% | 19.6% |
| Beta vs S&P 500 | 0.09 | 1.28 |
| Max drawdown (3Y) | -28.4% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 4.89% | 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 | GBLI | QQQ |
|---|---|---|
| 2022 | -3.4% | -32.6% |
| 2023 | +42.8% | +54.9% |
| 2024 | +16.6% | +25.6% |
| 2025 | -17.6% | +20.8% |
| 2026 | +4.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBLI 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 GBLI and QQQ?
The GBLI/QQQ correlation stands at 0.06 on a 3-year window (1 year: 0.20, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GBLI?
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?
A reading of 0.06 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/gbli-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gbli-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GBLI correlations · QQQ correlations
