GGR vs QQQ: Correlation
Measured on weekly returns over the past three years, Gogoro Inc. (GGR) 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 GGR and QQQ?
On 3 years of weekly data the GGR/QQQ correlation comes out at 0.21, weak. The past 12 months show a weaker link (0.10) than the 3-year average (0.21). The 5-year figure is 0.20, and annualized covariance runs at 297.4 %².
Among the 10 assets we track against GGR, QQQ sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 91.6 points (-65.3% versus +26.3%). Risk is not evenly split, since GGR carries 3.7 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.
GGR vs QQQ: side by side
| GGR (Gogoro Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -65.3% | +26.3% |
| 5-year return | -98.7% | +95.4% |
| Volatility (ann.) | 73.2% | 19.6% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -96.4% | -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 | GGR | QQQ |
|---|---|---|
| 2022 | -67.8% | -32.6% |
| 2023 | -18.9% | +54.9% |
| 2024 | -80.6% | +25.6% |
| 2025 | -72.6% | +20.8% |
| 2026 | -6.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGR 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 GGR and QQQ?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with 0.10 over the last year and 0.20 over 5 years.
Is QQQ a good diversifier for GGR?
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?
A reading of 0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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[](https://www.pairbook.io/pair/ggr-vs-qqq/)
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Related comparisons
Hubs: GGR correlations · QQQ correlations
