GCMG vs QQQ: Correlation
Measured on weekly returns over the past three years, GCM Grosvenor Inc. (GCMG) and Invesco QQQ Trust (QQQ) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCMG and QQQ?
Across a 3-year window, the weekly returns of GCMG and QQQ correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 202.2 %².
Among the 10 assets we track against GCMG, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.1 percentage points (+9.2% for GCMG 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.
GCMG vs QQQ: side by side
| GCMG (GCM Grosvenor Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.2% | +26.3% |
| 5-year return | +52.8% | +95.4% |
| Volatility (ann.) | 28.2% | 19.6% |
| Beta vs S&P 500 | 0.76 | 1.28 |
| Max drawdown (3Y) | -31.3% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 3.54% | 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 | GCMG | QQQ |
|---|---|---|
| 2022 | -24.0% | -32.6% |
| 2023 | +24.6% | +54.9% |
| 2024 | +43.0% | +25.6% |
| 2025 | -4.3% | +20.8% |
| 2026 | +23.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCMG and QQQ good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GCMG and QQQ?
The GCMG/QQQ correlation stands at 0.37 on a 3-year window (1 year: 0.39, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GCMG?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/gcmg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gcmg-vs-qqq/)
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Related comparisons
Hubs: GCMG correlations · QQQ correlations
