GCO vs QQQ: Correlation
Genesco Inc. (GCO) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCO and QQQ?
Across a 3-year window, the weekly returns of GCO and QQQ correlate at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.32 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 394.2 %².
QQQ is close to the least connected end of GCO's tracked universe, ranking #10 of 13. Correlation aside, the last 12 months split them widely, with QQQ ahead by 26.3 points (-0.0% versus +26.3%). One caveat on sizing: GCO is 3.2 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.
GCO vs QQQ: side by side
| GCO (Genesco Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -0.0% | +26.3% |
| 5-year return | -47.8% | +95.4% |
| Volatility (ann.) | 63.6% | 19.6% |
| Beta vs S&P 500 | 1.80 | 1.28 |
| Max drawdown (3Y) | -60.9% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 18.7 | – |
| 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 | GCO | QQQ |
|---|---|---|
| 2022 | -28.3% | -32.6% |
| 2023 | -23.5% | +54.9% |
| 2024 | +21.4% | +25.6% |
| 2025 | -42.1% | +20.8% |
| 2026 | +33.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCO and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GCO and QQQ?
The GCO/QQQ correlation stands at 0.32 on a 3-year window (1 year: 0.11, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GCO?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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
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Related comparisons
Hubs: GCO correlations · QQQ correlations
