GDEV vs QQQ: Correlation
GDEV Inc. (GDEV) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDEV and QQQ?
On 3 years of weekly data the GDEV/QQQ correlation comes out at 0.22, weak. The relationship has been stable: the 1-year correlation (0.21) sits close to the 3-year figure. The 5-year figure is 0.12, and annualized covariance runs at 370.0 %².
By 3-year correlation, QQQ places #6 of the 11 assets tracked against GDEV. Correlation aside, the last 12 months split them widely, with QQQ ahead by 50.5 points (-24.2% versus +26.3%). One caveat on sizing: GDEV is 4.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GDEV vs QQQ: side by side
| GDEV (GDEV Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -24.2% | +26.3% |
| 5-year return | -84.9% | +95.4% |
| Volatility (ann.) | 87.8% | 19.6% |
| Beta vs S&P 500 | 1.24 | 1.28 |
| Max drawdown (3Y) | -77.9% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 2.7 | – |
| 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 | GDEV | QQQ |
|---|---|---|
| 2022 | -20.8% | -32.6% |
| 2023 | -65.4% | +54.9% |
| 2024 | -12.5% | +25.6% |
| 2025 | -6.3% | +20.8% |
| 2026 | -28.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDEV and QQQ good diversifiers for each other?
Reasonably. At 0.22, GDEV and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GDEV and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.21 over the last year and 0.12 over 5 years.
Is QQQ a good diversifier for GDEV?
Reasonably. At 0.22, GDEV and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
A reading of 0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gdev-vs-qqq/)
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Related comparisons
Hubs: GDEV correlations · QQQ correlations
