GBR vs QQQ: Correlation
New Concept Energy, Inc (GBR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBR and QQQ?
Across a 3-year window, the weekly returns of GBR and QQQ correlate at 0.11, weak. The past 12 months show a weaker link (-0.01) than the 3-year average (0.11). Stretching to 5 years gives 0.18, with an annualized covariance of 125.7 %².
Out of 10 assets tracked against GBR, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 38.8 points (-12.5% versus +26.3%). One caveat on sizing: GBR is 3.0 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.
GBR vs QQQ: side by side
| GBR (New Concept Energy, Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -12.5% | +26.3% |
| 5-year return | -81.2% | +95.4% |
| Volatility (ann.) | 58.4% | 19.6% |
| Beta vs S&P 500 | 0.50 | 1.28 |
| Max drawdown (3Y) | -65.0% | -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 | GBR | QQQ |
|---|---|---|
| 2022 | -54.2% | -32.6% |
| 2023 | -8.3% | +54.9% |
| 2024 | +16.0% | +25.6% |
| 2025 | -35.3% | +20.8% |
| 2026 | +0.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBR and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between GBR and QQQ?
The GBR/QQQ correlation stands at 0.11 on a 3-year window (1 year: -0.01, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GBR?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 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
$ curl https://www.pairbook.io/api/v1/pairs/gbr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gbr-vs-qqq/)
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Related comparisons
Hubs: GBR correlations · QQQ correlations
