GCV vs QQQ: Correlation
Measured on weekly returns over the past three years, Gabelli Convertible and Income Securities Fund, Inc. (The) (GCV) and Invesco QQQ Trust (QQQ) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCV and QQQ?
Over the past 3 years, GCV and QQQ moved with a correlation of 0.46, which is moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.46). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 141.9 %².
Within GCV's tracked universe of 13 assets, QQQ comes in at #7 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.7% for GCV and +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.
GCV vs QQQ: side by side
| GCV (Gabelli Convertible and Income Securities Fund, Inc. (The)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.7% | +26.3% |
| 5-year return | +23.7% | +95.4% |
| Volatility (ann.) | 15.8% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -18.3% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 4.5 | – |
| Dividend yield | 10.48% | 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 | GCV | QQQ |
|---|---|---|
| 2022 | -23.9% | -32.6% |
| 2023 | -15.6% | +54.9% |
| 2024 | +19.9% | +25.6% |
| 2025 | +22.9% | +20.8% |
| 2026 | +16.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCV and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GCV and QQQ?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.60 over the last year and 0.39 over 5 years.
Is QQQ a good diversifier for GCV?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/gcv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gcv-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GCV correlations · QQQ correlations
