GGT vs QQQ: Correlation
How closely do Gabelli Multi-Media Trust, Inc. (The) (GGT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGT and QQQ?
On 3 years of weekly data the GGT/QQQ correlation comes out at 0.28, weak. The past 12 months show a tighter link (0.43) than the 3-year average (0.28). The 5-year figure is 0.41, and annualized covariance runs at 118.8 %².
Among the 12 assets we track against GGT, QQQ sits near the bottom by co-movement, at rank #9. Over the last 12 months QQQ came out ahead by 6.7 percentage points (+19.6% against +26.3%).
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.
GGT vs QQQ: side by side
| GGT (Gabelli Multi-Media Trust, Inc. (The)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.6% | +26.3% |
| 5-year return | -2.3% | +95.4% |
| Volatility (ann.) | 21.6% | 19.6% |
| Beta vs S&P 500 | 0.52 | 1.28 |
| Max drawdown (3Y) | -31.7% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 3.3 | – |
| Dividend yield | 21.31% | 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 | GGT | QQQ |
|---|---|---|
| 2022 | -30.8% | -32.6% |
| 2023 | +22.5% | +54.9% |
| 2024 | -6.0% | +25.6% |
| 2025 | +15.4% | +20.8% |
| 2026 | +12.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGT and QQQ good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GGT and QQQ?
As of 2026-08-27, the correlation of weekly returns between GGT and QQQ is 0.28 over 3 years, 0.43 over 1 year and 0.41 over 5 years.
Is QQQ a good diversifier for GGT?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 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/ggt-vs-qqq.json
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[](https://www.pairbook.io/pair/ggt-vs-qqq/)
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Related comparisons
Hubs: GGT correlations · QQQ correlations
