GEF vs QQQ: Correlation
Greif Inc. (GEF) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEF and QQQ?
Across a 3-year window, the weekly returns of GEF and QQQ correlate at 0.25, weak. The past 12 months show a weaker link (-0.06) than the 3-year average (0.25). Stretching to 5 years gives 0.31, with an annualized covariance of 134.6 %².
Among the 16 assets we track against GEF, QQQ sits near the bottom by co-movement, at rank #13. On 12-month performance GEF holds a 6.6-point edge, +32.9% against +26.3%.
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.
GEF vs QQQ: side by side
| GEF (Greif Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +32.9% | +26.3% |
| 5-year return | +58.9% | +95.4% |
| Volatility (ann.) | 27.9% | 19.6% |
| Beta vs S&P 500 | 0.71 | 1.28 |
| Max drawdown (3Y) | -30.8% | -22.8% |
| Market cap | $4.8B | – |
| P/E (trailing) | 34.9 | – |
| Dividend yield | 4.84% | 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 | GEF | QQQ |
|---|---|---|
| 2022 | +14.5% | -32.6% |
| 2023 | +0.9% | +54.9% |
| 2024 | -3.6% | +25.6% |
| 2025 | +14.8% | +20.8% |
| 2026 | +27.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEF and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GEF and QQQ?
As of 2026-08-27, the correlation of weekly returns between GEF and QQQ is 0.25 over 3 years, -0.06 over 1 year and 0.31 over 5 years.
Is QQQ a good diversifier for GEF?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 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.
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Related comparisons
Hubs: GEF correlations · QQQ correlations
