GITS vs QQQ: Correlation
How closely do Global Interactive Technologies, Inc. (GITS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.04, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GITS and QQQ?
On 3 years of weekly data the GITS/QQQ correlation comes out at -0.04, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.00) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1107.1 %².
By 3-year correlation, QQQ places #9 of the 35 assets tracked against GITS. Correlation aside, the last 12 months split them widely, with QQQ ahead by 48.4 points (-22.1% versus +26.3%). Risk is not evenly split, since GITS carries 69.0 times the volatility of the other side.
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.
GITS vs QQQ: side by side
| GITS (Global Interactive Technologies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -22.1% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 1352.0% | 19.6% |
| Beta vs S&P 500 | -3.91 | 1.28 |
| Max drawdown (3Y) | -98.4% | -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 | GITS | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -69.5% | +25.6% |
| 2025 | +186.6% | +20.8% |
| 2026 | +154.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GITS and QQQ good diversifiers for each other?
Yes. With a correlation of -0.04, GITS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GITS and QQQ?
Using weekly returns as of 2026-08-27: -0.04 over 3 years, with -0.00 over the last year and n/a over 5 years.
Is QQQ a good diversifier for GITS?
Yes. With a correlation of -0.04, GITS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.04 mean?
A reading of -0.04 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
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Related comparisons
Hubs: GITS correlations · QQQ correlations
