GDOT vs QQQ: Correlation
Measured on weekly returns over the past three years, Green Dot Corporation (GDOT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.16, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDOT and QQQ?
Over the past 3 years, GDOT and QQQ moved with a correlation of 0.16, which is weak. Recent behaviour matches the longer record: 0.19 over 1 year against 0.16 over 3. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 163.5 %².
Out of 14 assets tracked against GDOT, QQQ lands near the bottom at #10. The last year tells two different stories: QQQ led by 26.5 percentage points, -0.2% for GDOT against +26.3% for QQQ. Note the risk asymmetry: GDOT runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GDOT vs QQQ: side by side
| GDOT (Green Dot Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -0.2% | +26.3% |
| 5-year return | -74.3% | +95.4% |
| Volatility (ann.) | 51.2% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -58.0% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| 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 | GDOT | QQQ |
|---|---|---|
| 2022 | -56.3% | -32.6% |
| 2023 | -37.4% | +54.9% |
| 2024 | +7.5% | +25.6% |
| 2025 | +20.4% | +20.8% |
| 2026 | +4.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDOT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between GDOT and QQQ?
The GDOT/QQQ correlation stands at 0.16 on a 3-year window (1 year: 0.19, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GDOT?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
A reading of 0.16 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
$ curl https://www.pairbook.io/api/v1/pairs/gdot-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gdot-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDOT correlations · QQQ correlations
