GIGM vs QQQ: Correlation
Measured on weekly returns over the past three years, GigaMedia Limited (GIGM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.14, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIGM and QQQ?
Over the past 3 years, GIGM and QQQ moved with a correlation of 0.14, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.30 versus 0.14 over 3 years. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 71.6 %².
Out of 10 assets tracked against GIGM, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 34.5 percentage points, -8.2% for GIGM 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.
GIGM vs QQQ: side by side
| GIGM (GigaMedia Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -8.2% | +26.3% |
| 5-year return | -44.2% | +95.4% |
| Volatility (ann.) | 25.6% | 19.6% |
| Beta vs S&P 500 | 0.27 | 1.28 |
| Max drawdown (3Y) | -29.6% | -22.8% |
| Market cap | – | – |
| 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 | GIGM | QQQ |
|---|---|---|
| 2022 | -46.2% | -32.6% |
| 2023 | +14.9% | +54.9% |
| 2024 | +11.5% | +25.6% |
| 2025 | -1.9% | +20.8% |
| 2026 | -4.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIGM and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between GIGM and QQQ?
The GIGM/QQQ correlation stands at 0.14 on a 3-year window (1 year: 0.30, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GIGM?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
What does a correlation of 0.14 mean?
On the −1 to +1 scale, 0.14 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gigm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gigm-vs-qqq/)
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Related comparisons
Hubs: GIGM correlations · QQQ correlations
