GEG vs QQQ: Correlation
Great Elm Group, Inc. (GEG) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEG and QQQ?
Across a 3-year window, the weekly returns of GEG and QQQ correlate at 0.09, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.28 versus 0.09 over 3 years. Stretching to 5 years gives 0.08, with an annualized covariance of 56.4 %².
By 3-year correlation, QQQ places #7 of the 16 assets tracked against GEG. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 36.7 percentage points (-10.4% for GEG against +26.3% for QQQ). One caveat on sizing: GEG is 1.7 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.
GEG vs QQQ: side by side
| GEG (Great Elm Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -10.4% | +26.3% |
| 5-year return | -7.3% | +95.4% |
| Volatility (ann.) | 33.0% | 19.6% |
| Beta vs S&P 500 | 0.15 | 1.28 |
| Max drawdown (3Y) | -41.4% | -22.8% |
| Market cap | $0.1B | – |
| 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 | GEG | QQQ |
|---|---|---|
| 2022 | -3.3% | -32.6% |
| 2023 | -4.0% | +54.9% |
| 2024 | -6.7% | +25.6% |
| 2025 | +40.9% | +20.8% |
| 2026 | -15.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEG and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
FAQ
What is the correlation between GEG and QQQ?
Using weekly returns as of 2026-08-27: 0.09 over 3 years, with 0.28 over the last year and 0.08 over 5 years.
Is QQQ a good diversifier for GEG?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
What does a correlation of 0.09 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
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Related comparisons
Hubs: GEG correlations · QQQ correlations
