GE vs QQQ: Correlation
How closely do GE Aerospace (GE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GE and QQQ?
Over the past 3 years, GE and QQQ moved with a correlation of 0.50, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.50 over 3 years. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 301.3 %².
Within GE's tracked universe of 32 assets, QQQ comes in at #20 by 3-year correlation. Neither side won the trailing year by much: +26.0% against +26.3%. On a rolling one-year basis the correlation drifted between 0.29 and 0.74, a moderate band. Note the risk asymmetry: GE runs 1.6 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.
GE vs QQQ: side by side
| GE (GE Aerospace) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.0% | +26.3% |
| 5-year return | +435.6% | +95.4% |
| Volatility (ann.) | 30.9% | 19.6% |
| Beta vs S&P 500 | 1.24 | 1.28 |
| Max drawdown (3Y) | -21.4% | -22.8% |
| Market cap | $355.6B | – |
| P/E (trailing) | 41.8 | – |
| Dividend yield | 0.47% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | GE | QQQ |
|---|---|---|
| 2022 | -10.9% | -32.6% |
| 2023 | +95.7% | +54.9% |
| 2024 | +64.8% | +25.6% |
| 2025 | +85.7% | +20.8% |
| 2026 | +11.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GE and QQQ good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GE and QQQ?
As of 2026-08-27, the correlation of weekly returns between GE and QQQ is 0.50 over 3 years, 0.32 over 1 year and 0.51 over 5 years.
Is QQQ a good diversifier for GE?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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
$ curl https://www.pairbook.io/api/v1/pairs/ge-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ge-vs-qqq/)
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Related comparisons
Hubs: GE correlations · QQQ correlations
