GIII vs QQQ: Correlation
Measured on weekly returns over the past three years, G-III Apparel Group, LTD. (GIII) and Invesco QQQ Trust (QQQ) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIII and QQQ?
Across a 3-year window, the weekly returns of GIII and QQQ correlate at 0.15, weak. The relationship has been stable: the 1-year correlation (0.23) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 112.3 %².
By 3-year correlation, QQQ places #8 of the 14 assets tracked against GIII. Neither side won the trailing year by much: +24.7% against +26.3%. One caveat on sizing: GIII is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GIII vs QQQ: side by side
| GIII (G-III Apparel Group, LTD.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.7% | +26.3% |
| 5-year return | +8.5% | +95.4% |
| Volatility (ann.) | 39.5% | 19.6% |
| Beta vs S&P 500 | 0.53 | 1.28 |
| Max drawdown (3Y) | -43.1% | -22.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 11.8 | – |
| Dividend yield | 0.60% | 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 | GIII | QQQ |
|---|---|---|
| 2022 | -50.4% | -32.6% |
| 2023 | +147.8% | +54.9% |
| 2024 | -4.0% | +25.6% |
| 2025 | -10.9% | +20.8% |
| 2026 | +15.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIII and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between GIII and QQQ?
As of 2026-08-27, the correlation of weekly returns between GIII and QQQ is 0.15 over 3 years, 0.23 over 1 year and 0.31 over 5 years.
Is QQQ a good diversifier for GIII?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
A reading of 0.15 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: GIII correlations · QQQ correlations
