GDV vs QQQ: Correlation
Gabelli Dividend & Income Trust (GDV) and Invesco QQQ Trust (QQQ) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and QQQ?
Over the past 3 years, GDV and QQQ moved with a correlation of 0.73, which is strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.73 over 3. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 214.8 %².
Within GDV's tracked universe of 71 assets, QQQ comes in at #34 by 3-year correlation. The trailing year gives QQQ the advantage: +20.3% versus +26.3%, a 6.0-point spread.
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.
GDV vs QQQ: side by side
| GDV (Gabelli Dividend & Income Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +20.3% | +26.3% |
| 5-year return | +53.8% | +95.4% |
| Volatility (ann.) | 15.0% | 19.6% |
| Beta vs S&P 500 | 0.90 | 1.28 |
| Max drawdown (3Y) | -16.1% | -22.8% |
| Market cap | $2.7B | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 5.51% | 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 | GDV | QQQ |
|---|---|---|
| 2022 | -18.6% | -32.6% |
| 2023 | +11.9% | +54.9% |
| 2024 | +18.1% | +25.6% |
| 2025 | +22.8% | +20.8% |
| 2026 | +13.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and QQQ good diversifiers for each other?
Only partially. A correlation of 0.73 means GDV and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GDV and QQQ?
As of 2026-08-27, the correlation of weekly returns between GDV and QQQ is 0.73 over 3 years, 0.63 over 1 year and 0.77 over 5 years.
Is QQQ a good diversifier for GDV?
Only partially. A correlation of 0.73 means GDV and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gdv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gdv-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDV correlations · QQQ correlations
