GJR vs QQQ: Correlation
Measured on weekly returns over the past three years, Synthetic Fixed-Income Securities, Inc. STRATS Trust for (GJR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.00, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJR and QQQ?
On 3 years of weekly data the GJR/QQQ correlation comes out at 0.00, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.19) runs below the 3-year figure (0.00). The 5-year figure is -0.07, and annualized covariance runs at 0.1 %².
Within GJR's tracked universe of 14 assets, QQQ comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 23.4 percentage points (+2.9% for GJR against +26.3% for QQQ). One caveat on sizing: QQQ is 2.4 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.
GJR vs QQQ: side by side
| GJR (Synthetic Fixed-Income Securities, Inc. STRATS Trust for) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +2.9% | +26.3% |
| 5-year return | +39.3% | +95.4% |
| Volatility (ann.) | 8.1% | 19.6% |
| Beta vs S&P 500 | 0.01 | 1.28 |
| Max drawdown (3Y) | -4.4% | -22.8% |
| Dividend yield | – | 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 | GJR | QQQ |
|---|---|---|
| 2022 | +9.2% | -32.6% |
| 2023 | +11.4% | +54.9% |
| 2024 | +3.9% | +25.6% |
| 2025 | +4.6% | +20.8% |
| 2026 | +2.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJR and QQQ good diversifiers for each other?
Yes: at 0.00, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GJR and QQQ?
As of 2026-08-27, the correlation of weekly returns between GJR and QQQ is 0.00 over 3 years, -0.19 over 1 year and -0.07 over 5 years.
Is QQQ a good diversifier for GJR?
Yes: at 0.00, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.00 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gjr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gjr-vs-qqq/)
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Related comparisons
Hubs: GJR correlations · QQQ correlations
