GIPR vs QQQ: Correlation
How closely do Generation Income Properties Inc. (GIPR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIPR and QQQ?
Across a 3-year window, the weekly returns of GIPR and QQQ correlate at 0.17, weak. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Stretching to 5 years gives 0.13, with an annualized covariance of 357.2 %².
QQQ is close to the least connected end of GIPR's tracked universe, ranking #10 of 13. The last year tells two different stories: QQQ led by 121.5 percentage points, -95.2% for GIPR against +26.3% for QQQ. Note the risk asymmetry: GIPR runs 5.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GIPR vs QQQ: side by side
| GIPR (Generation Income Properties Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -95.2% | +26.3% |
| 5-year return | -99.3% | +95.4% |
| Volatility (ann.) | 110.2% | 19.6% |
| Beta vs S&P 500 | 1.42 | 1.28 |
| Max drawdown (3Y) | -99.4% | -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 | GIPR | QQQ |
|---|---|---|
| 2022 | -14.6% | -32.6% |
| 2023 | -9.2% | +54.9% |
| 2024 | -51.1% | +25.6% |
| 2025 | -64.8% | +20.8% |
| 2026 | -93.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIPR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, GIPR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GIPR and QQQ?
As of 2026-08-27, the correlation of weekly returns between GIPR and QQQ is 0.17 over 3 years, 0.27 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for GIPR?
Yes. With a correlation of 0.17, GIPR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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/gipr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gipr-vs-qqq/)
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Related comparisons
Hubs: GIPR correlations · QQQ correlations
