GH vs QQQ: Correlation
Measured on weekly returns over the past three years, Guardant Health, Inc. (GH) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GH and QQQ?
Across a 3-year window, the weekly returns of GH and QQQ correlate at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.28 over 3 years. Stretching to 5 years gives 0.38, with an annualized covariance of 359.2 %².
Among the 12 assets we track against GH, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with GH ahead by 139.1 points (+165.4% versus +26.3%). Note the risk asymmetry: GH runs 3.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GH vs QQQ: side by side
| GH (Guardant Health, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +165.4% | +26.3% |
| 5-year return | +33.5% | +95.4% |
| Volatility (ann.) | 64.9% | 19.6% |
| Beta vs S&P 500 | 1.44 | 1.28 |
| Max drawdown (3Y) | -59.8% | -22.8% |
| Market cap | $22.6B | – |
| 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 | GH | QQQ |
|---|---|---|
| 2022 | -72.8% | -32.6% |
| 2023 | -0.6% | +54.9% |
| 2024 | +12.9% | +25.6% |
| 2025 | +234.3% | +20.8% |
| 2026 | +65.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GH and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GH and QQQ?
As of 2026-08-27, the correlation of weekly returns between GH and QQQ is 0.28 over 3 years, 0.17 over 1 year and 0.38 over 5 years.
Is QQQ a good diversifier for GH?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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
$ curl https://www.pairbook.io/api/v1/pairs/gh-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gh-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GH correlations · QQQ correlations
