GCT vs QQQ: Correlation
GigaCloud Technology Inc - Class A (GCT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCT and QQQ?
Across a 3-year window, the weekly returns of GCT and QQQ correlate at 0.26, weak. Little has changed lately, as the 1-year reading of 0.19 lands near the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 431.8 %².
QQQ is close to the least connected end of GCT's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with GCT ahead by 68.9 points (+95.2% versus +26.3%). Note the risk asymmetry: GCT runs 4.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GCT vs QQQ: side by side
| GCT (GigaCloud Technology Inc - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +95.2% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 85.6% | 19.6% |
| Beta vs S&P 500 | 1.87 | 1.28 |
| Max drawdown (3Y) | -73.2% | -22.8% |
| Market cap | $1.8B | – |
| P/E (trailing) | 12.4 | – |
| 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 | GCT | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +221.5% | +54.9% |
| 2024 | +1.2% | +25.6% |
| 2025 | +112.1% | +20.8% |
| 2026 | +31.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCT and QQQ good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GCT and QQQ?
As of 2026-08-27, the correlation of weekly returns between GCT and QQQ is 0.26 over 3 years, 0.19 over 1 year and 0.33 over 5 years.
Is QQQ a good diversifier for GCT?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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/gct-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gct-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GCT correlations · QQQ correlations
