GD vs QQQ: Correlation
General Dynamics (GD) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GD and QQQ?
Across a 3-year window, the weekly returns of GD and QQQ correlate at 0.25, weak. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.25 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 102.1 %².
Within GD's tracked universe of 30 assets, QQQ comes in at #20 by 3-year correlation. On 12-month performance QQQ holds a 7.5-point edge, +18.8% against +26.3%. On a rolling one-year basis the correlation drifted between 0.07 and 0.52, a moderate band.
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.
GD vs QQQ: side by side
| GD (General Dynamics) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.8% | +26.3% |
| 5-year return | +111.9% | +95.4% |
| Volatility (ann.) | 21.1% | 19.6% |
| Beta vs S&P 500 | 0.52 | 1.28 |
| Max drawdown (3Y) | -22.5% | -22.8% |
| Market cap | $102.8B | – |
| P/E (trailing) | 23.3 | – |
| Dividend yield | 1.62% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | GD | QQQ |
|---|---|---|
| 2022 | +21.7% | -32.6% |
| 2023 | +7.1% | +54.9% |
| 2024 | +3.5% | +25.6% |
| 2025 | +30.4% | +20.8% |
| 2026 | +14.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GD and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GD and QQQ?
The GD/QQQ correlation stands at 0.25 on a 3-year window (1 year: 0.12, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GD?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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/gd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GD correlations · QQQ correlations
