GFF vs QQQ: Correlation
How closely do Griffon Corporation (GFF) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GFF and QQQ?
Over the past 3 years, GFF and QQQ moved with a correlation of 0.34, which is moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.34 over 3. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 256.2 %².
QQQ is close to the least connected end of GFF's tracked universe, ranking #23 of 26. Twelve-month performance is nearly a tie, at +28.4% for GFF and +26.3% for QQQ. One caveat on sizing: GFF is 2.0 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.
GFF vs QQQ: side by side
| GFF (Griffon Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +28.4% | +26.3% |
| 5-year return | +396.8% | +95.4% |
| Volatility (ann.) | 38.7% | 19.6% |
| Beta vs S&P 500 | 1.14 | 1.28 |
| Max drawdown (3Y) | -27.9% | -22.8% |
| Market cap | $4.5B | – |
| P/E (trailing) | 21.1 | – |
| Dividend yield | 0.83% | 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 | GFF | QQQ |
|---|---|---|
| 2022 | +36.9% | -32.6% |
| 2023 | +84.0% | +54.9% |
| 2024 | +18.0% | +25.6% |
| 2025 | +4.4% | +20.8% |
| 2026 | +35.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFF and QQQ good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GFF and QQQ?
As of 2026-08-27, the correlation of weekly returns between GFF and QQQ is 0.34 over 3 years, 0.30 over 1 year and 0.33 over 5 years.
Is QQQ a good diversifier for GFF?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gff-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gff-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GFF correlations · QQQ correlations
