GCTS vs QQQ: Correlation
GCT Semiconductor Holding, Inc. (GCTS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCTS and QQQ?
Across a 3-year window, the weekly returns of GCTS and QQQ correlate at 0.17, weak. Lately the two have moved closer together, with the 1-year correlation at 0.35 versus 0.17 over 3 years. Stretching to 5 years gives 0.13, with an annualized covariance of 559.3 %².
Out of 13 assets tracked against GCTS, QQQ lands near the bottom at #10. The last year tells two different stories: GCTS led by 20.6 percentage points, +46.9% for GCTS against +26.3% for QQQ. Risk is not evenly split, since GCTS carries 8.4 times the volatility of the other side.
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.
GCTS vs QQQ: side by side
| GCTS (GCT Semiconductor Holding, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +46.9% | +26.3% |
| 5-year return | -80.5% | +95.4% |
| Volatility (ann.) | 165.0% | 19.6% |
| Beta vs S&P 500 | 2.00 | 1.28 |
| Max drawdown (3Y) | -97.7% | -22.8% |
| Market cap | $0.2B | – |
| 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 | GCTS | QQQ |
|---|---|---|
| 2022 | +2.9% | -32.6% |
| 2023 | +3.6% | +54.9% |
| 2024 | -77.9% | +25.6% |
| 2025 | -48.5% | +20.8% |
| 2026 | +59.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCTS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, GCTS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GCTS and QQQ?
The GCTS/QQQ correlation stands at 0.17 on a 3-year window (1 year: 0.35, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GCTS?
Yes. With a correlation of 0.17, GCTS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 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
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Related comparisons
Hubs: GCTS correlations · QQQ correlations
