GEN vs QQQ: Correlation
Gen Digital (GEN) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEN and QQQ?
Over the past 3 years, GEN and QQQ moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 247.1 %².
Among the 36 assets we track against GEN, QQQ ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 25.1 points (+1.2% versus +26.3%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.30 and 0.54. One caveat on sizing: GEN is 1.6 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.
GEN vs QQQ: side by side
| GEN (Gen Digital) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.2% | +26.3% |
| 5-year return | +26.3% | +95.4% |
| Volatility (ann.) | 31.7% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -43.6% | -22.8% |
| Market cap | $18.3B | – |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 1.69% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | GEN | QQQ |
|---|---|---|
| 2022 | -15.8% | -32.6% |
| 2023 | +9.3% | +54.9% |
| 2024 | +22.4% | +25.6% |
| 2025 | +1.1% | +20.8% |
| 2026 | +13.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEN and QQQ good diversifiers for each other?
Reasonably. At 0.40, GEN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GEN and QQQ?
As of 2026-08-27, the correlation of weekly returns between GEN and QQQ is 0.40 over 3 years, 0.33 over 1 year and 0.39 over 5 years.
Is QQQ a good diversifier for GEN?
Reasonably. At 0.40, GEN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GEN correlations · QQQ correlations
