GDDY vs QQQ: Correlation
GoDaddy (GDDY) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and QQQ?
On 3 years of weekly data the GDDY/QQQ correlation comes out at 0.34, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.34). The 5-year figure is 0.48, and annualized covariance runs at 223.1 %².
Among the 32 assets we track against GDDY, QQQ ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 60.7 percentage points (-34.4% for GDDY against +26.3% for QQQ). This link changes with the market regime, having swung between 0.12 and 0.72 on a rolling one-year basis. Risk is not evenly split, since GDDY carries 1.7 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.
GDDY vs QQQ: side by side
| GDDY (GoDaddy) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -34.4% | +26.3% |
| 5-year return | +32.1% | +95.4% |
| Volatility (ann.) | 33.6% | 19.6% |
| Beta vs S&P 500 | 0.93 | 1.28 |
| Max drawdown (3Y) | -65.0% | -22.8% |
| Market cap | $12.3B | – |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | GDDY | QQQ |
|---|---|---|
| 2022 | -11.8% | -32.6% |
| 2023 | +41.9% | +54.9% |
| 2024 | +85.9% | +25.6% |
| 2025 | -37.1% | +20.8% |
| 2026 | -21.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDDY and QQQ good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GDDY and QQQ?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.19 over the last year and 0.48 over 5 years.
Is QQQ a good diversifier for GDDY?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/gddy-vs-qqq.json
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[](https://www.pairbook.io/pair/gddy-vs-qqq/)
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Related comparisons
Hubs: GDDY correlations · QQQ correlations
