GHC vs QQQ: Correlation
Graham Holdings Company (GHC) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GHC and QQQ?
On 3 years of weekly data the GHC/QQQ correlation comes out at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 159.6 %².
Among the 16 assets we track against GHC, QQQ sits near the bottom by co-movement, at rank #13. The last year tells two different stories: QQQ led by 21.1 percentage points, +5.2% for GHC against +26.3% for QQQ.
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.
GHC vs QQQ: side by side
| GHC (Graham Holdings Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.2% | +26.3% |
| 5-year return | +94.6% | +95.4% |
| Volatility (ann.) | 26.8% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -19.8% | -22.8% |
| Market cap | $4.8B | – |
| P/E (trailing) | 9.2 | – |
| Dividend yield | 0.63% | 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 | GHC | QQQ |
|---|---|---|
| 2022 | -3.0% | -32.6% |
| 2023 | +16.6% | +54.9% |
| 2024 | +26.3% | +25.6% |
| 2025 | +27.0% | +20.8% |
| 2026 | +4.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GHC and QQQ good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GHC and QQQ?
The GHC/QQQ correlation stands at 0.30 on a 3-year window (1 year: 0.20, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GHC?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GHC correlations · QQQ correlations
