GENC vs QQQ: Correlation
How closely do Gencor Industries, Inc. (GENC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GENC and QQQ?
On 3 years of weekly data the GENC/QQQ correlation comes out at 0.24, weak. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.24). The 5-year figure is 0.21, and annualized covariance runs at 167.5 %².
QQQ is close to the least connected end of GENC's tracked universe, ranking #8 of 11. On 12-month performance QQQ holds a 10.4-point edge, +15.9% against +26.3%. Risk is not evenly split, since GENC carries 1.9 times the volatility of the other side.
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.
GENC vs QQQ: side by side
| GENC (Gencor Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.9% | +26.3% |
| 5-year return | +63.6% | +95.4% |
| Volatility (ann.) | 36.4% | 19.6% |
| Beta vs S&P 500 | 0.83 | 1.28 |
| Max drawdown (3Y) | -55.7% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 18.7 | – |
| 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 | GENC | QQQ |
|---|---|---|
| 2022 | -12.4% | -32.6% |
| 2023 | +59.8% | +54.9% |
| 2024 | +9.4% | +25.6% |
| 2025 | -26.6% | +20.8% |
| 2026 | +47.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GENC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GENC and QQQ?
As of 2026-08-27, the correlation of weekly returns between GENC and QQQ is 0.24 over 3 years, 0.02 over 1 year and 0.21 over 5 years.
Is QQQ a good diversifier for GENC?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 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: GENC correlations · QQQ correlations
