GDTC vs QQQ: Correlation
How closely do CytoMed Therapeutics Limited (GDTC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.01, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDTC and QQQ?
Across a 3-year window, the weekly returns of GDTC and QQQ correlate at -0.01, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.11) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -11.4 %².
Within GDTC's tracked universe of 16 assets, QQQ comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 79.0 percentage points (-52.7% for GDTC against +26.3% for QQQ). One caveat on sizing: GDTC is 3.8 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.
GDTC vs QQQ: side by side
| GDTC (CytoMed Therapeutics Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -52.7% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 75.2% | 19.6% |
| Beta vs S&P 500 | 0.08 | 1.28 |
| Max drawdown (3Y) | -86.1% | -22.8% |
| Market cap | – | – |
| 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 | GDTC | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -30.6% | +25.6% |
| 2025 | -60.7% | +20.8% |
| 2026 | -28.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDTC and QQQ good diversifiers for each other?
Yes. With a correlation of -0.01, GDTC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GDTC and QQQ?
The GDTC/QQQ correlation stands at -0.01 on a 3-year window (1 year: -0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GDTC?
Yes. With a correlation of -0.01, GDTC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.01 mean?
On the −1 to +1 scale, -0.01 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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Related comparisons
Hubs: GDTC correlations · QQQ correlations
