GENK vs QQQ: Correlation
Measured on weekly returns over the past three years, GEN Restaurant Group, Inc. (GENK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GENK and QQQ?
On 3 years of weekly data the GENK/QQQ correlation comes out at 0.21, weak. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 281.1 %².
Among the 11 assets we track against GENK, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 68.4 percentage points (-42.1% for GENK against +26.3% for QQQ). Risk is not evenly split, since GENK carries 3.4 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.
GENK vs QQQ: side by side
| GENK (GEN Restaurant Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -42.1% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 67.5% | 19.6% |
| Beta vs S&P 500 | 1.01 | 1.28 |
| Max drawdown (3Y) | -91.3% | -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 | GENK | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -4.5% | +25.6% |
| 2025 | -71.6% | +20.8% |
| 2026 | -7.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GENK and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GENK and QQQ?
As of 2026-08-27, the correlation of weekly returns between GENK and QQQ is 0.21 over 3 years, 0.28 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for GENK?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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.
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Related comparisons
Hubs: GENK correlations · QQQ correlations
