GFAI vs QQQ: Correlation
How closely do Guardforce AI Co., Limited (GFAI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GFAI and QQQ?
Over the past 3 years, GFAI and QQQ moved with a correlation of 0.36, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.36 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 591.4 %².
QQQ is close to the least connected end of GFAI's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 95.0 points (-68.7% versus +26.3%). One caveat on sizing: GFAI is 4.3 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.
GFAI vs QQQ: side by side
| GFAI (Guardforce AI Co., Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -68.7% | +26.3% |
| 5-year return | -99.8% | +95.4% |
| Volatility (ann.) | 84.4% | 19.6% |
| Beta vs S&P 500 | 2.19 | 1.28 |
| Max drawdown (3Y) | -93.9% | -22.8% |
| Market cap | – | – |
| 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 | GFAI | QQQ |
|---|---|---|
| 2022 | -88.2% | -32.6% |
| 2023 | -34.6% | +54.9% |
| 2024 | -56.9% | +25.6% |
| 2025 | -61.0% | +20.8% |
| 2026 | -33.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFAI and QQQ good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GFAI and QQQ?
As of 2026-08-27, the correlation of weekly returns between GFAI and QQQ is 0.36 over 3 years, 0.50 over 1 year and 0.25 over 5 years.
Is QQQ a good diversifier for GFAI?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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
$ curl https://www.pairbook.io/api/v1/pairs/gfai-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gfai-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GFAI correlations · QQQ correlations
