GDHG vs QQQ: Correlation
Golden Heaven Group Holdings Ltd. - Class A (GDHG) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDHG and QQQ?
On 3 years of weekly data the GDHG/QQQ correlation comes out at 0.05, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.18) than the 3-year average (0.05). The 5-year figure is n/a, and annualized covariance runs at 210.7 %².
Within GDHG's tracked universe of 13 assets, QQQ comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 103.7 percentage points (-77.4% for GDHG against +26.3% for QQQ). Risk is not evenly split, since GDHG carries 10.4 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.
GDHG vs QQQ: side by side
| GDHG (Golden Heaven Group Holdings Ltd. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -77.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 203.3% | 19.6% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| 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 | GDHG | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -93.7% | +25.6% |
| 2025 | -99.8% | +20.8% |
| 2026 | -31.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDHG and QQQ good diversifiers for each other?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GDHG and QQQ?
Using weekly returns as of 2026-08-27: 0.05 over 3 years, with 0.18 over the last year and n/a over 5 years.
Is QQQ a good diversifier for GDHG?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.05 mean?
A reading of 0.05 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GDHG correlations · QQQ correlations
