GIB vs QQQ: Correlation
CGI Inc. (GIB) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIB and QQQ?
Across a 3-year window, the weekly returns of GIB and QQQ correlate at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.31 over 3 years. Stretching to 5 years gives 0.43, with an annualized covariance of 140.7 %².
QQQ is close to the least connected end of GIB's tracked universe, ranking #22 of 25. Correlation aside, the last 12 months split them widely, with QQQ ahead by 48.7 points (-22.4% versus +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.
GIB vs QQQ: side by side
| GIB (CGI Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -22.4% | +26.3% |
| 5-year return | -16.0% | +95.4% |
| Volatility (ann.) | 23.3% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -49.6% | -22.8% |
| Market cap | $15.4B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 0.90% | 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 | GIB | QQQ |
|---|---|---|
| 2022 | -2.7% | -32.6% |
| 2023 | +24.5% | +54.9% |
| 2024 | +2.1% | +25.6% |
| 2025 | -15.3% | +20.8% |
| 2026 | -18.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIB and QQQ good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GIB and QQQ?
The GIB/QQQ correlation stands at 0.31 on a 3-year window (1 year: 0.19, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GIB?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
A reading of 0.31 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/gib-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gib-vs-qqq/)
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Related comparisons
Hubs: GIB correlations · QQQ correlations
