GDRX vs QQQ: Correlation
Measured on weekly returns over the past three years, GoodRx Holdings, Inc. (GDRX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDRX and QQQ?
Over the past 3 years, GDRX and QQQ moved with a correlation of 0.23, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.36 versus 0.23 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 283.2 %².
Out of 12 assets tracked against GDRX, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 48.3 percentage points (-22.0% for GDRX against +26.3% for QQQ). One caveat on sizing: GDRX is 3.2 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.
GDRX vs QQQ: side by side
| GDRX (GoodRx Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -22.0% | +26.3% |
| 5-year return | -90.5% | +95.4% |
| Volatility (ann.) | 62.1% | 19.6% |
| Beta vs S&P 500 | 1.14 | 1.28 |
| Max drawdown (3Y) | -79.3% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 58.5 | – |
| 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 | GDRX | QQQ |
|---|---|---|
| 2022 | -85.7% | -32.6% |
| 2023 | +43.8% | +54.9% |
| 2024 | -30.6% | +25.6% |
| 2025 | -41.7% | +20.8% |
| 2026 | +29.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDRX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GDRX and QQQ?
As of 2026-08-27, the correlation of weekly returns between GDRX and QQQ is 0.23 over 3 years, 0.36 over 1 year and 0.39 over 5 years.
Is QQQ a good diversifier for GDRX?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gdrx-vs-qqq/)
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Related comparisons
Hubs: GDRX correlations · QQQ correlations
