GILT vs QQQ: Correlation
Gilat Satellite Networks Ltd. (GILT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GILT and QQQ?
Across a 3-year window, the weekly returns of GILT and QQQ correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 405.1 %².
Among the 13 assets we track against GILT, QQQ ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 20.8 percentage points (+5.5% for GILT against +26.3% for QQQ). One caveat on sizing: GILT is 2.6 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.
GILT vs QQQ: side by side
| GILT (Gilat Satellite Networks Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.5% | +26.3% |
| 5-year return | +4.3% | +95.4% |
| Volatility (ann.) | 50.6% | 19.6% |
| Beta vs S&P 500 | 1.53 | 1.28 |
| Max drawdown (3Y) | -52.3% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 23.0 | – |
| 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 | GILT | QQQ |
|---|---|---|
| 2022 | -18.0% | -32.6% |
| 2023 | +5.3% | +54.9% |
| 2024 | +0.7% | +25.6% |
| 2025 | +110.4% | +20.8% |
| 2026 | -19.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GILT and QQQ good diversifiers for each other?
Reasonably. At 0.41, GILT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GILT and QQQ?
The GILT/QQQ correlation stands at 0.41 on a 3-year window (1 year: 0.46, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GILT?
Reasonably. At 0.41, GILT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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.
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Related comparisons
Hubs: GILT correlations · QQQ correlations
