GEVO vs QQQ: Correlation
Measured on weekly returns over the past three years, Gevo, Inc. (GEVO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.20, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEVO and QQQ?
Over the past 3 years, GEVO and QQQ moved with a correlation of 0.20, which is weak. The past 12 months show a weaker link (0.00) than the 3-year average (0.20). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 366.7 %².
Out of 11 assets tracked against GEVO, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 31.9 percentage points (-5.6% for GEVO against +26.3% for QQQ). Risk is not evenly split, since GEVO carries 4.9 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.
GEVO vs QQQ: side by side
| GEVO (Gevo, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.6% | +26.3% |
| 5-year return | -72.4% | +95.4% |
| Volatility (ann.) | 95.1% | 19.6% |
| Beta vs S&P 500 | 1.49 | 1.28 |
| Max drawdown (3Y) | -69.0% | -22.8% |
| Market cap | $0.4B | – |
| 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 | GEVO | QQQ |
|---|---|---|
| 2022 | -55.6% | -32.6% |
| 2023 | -38.9% | +54.9% |
| 2024 | +80.2% | +25.6% |
| 2025 | -4.3% | +20.8% |
| 2026 | -16.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEVO and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GEVO and QQQ?
As of 2026-08-27, the correlation of weekly returns between GEVO and QQQ is 0.20 over 3 years, 0.00 over 1 year and 0.28 over 5 years.
Is QQQ a good diversifier for GEVO?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 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: GEVO correlations · QQQ correlations
