GJS vs QQQ: Correlation
How closely do Goldman Sachs Group Securities STRATS Trust for Goldman (GJS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJS and QQQ?
Across a 3-year window, the weekly returns of GJS and QQQ correlate at 0.05, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.07) sits close to the 3-year figure. Stretching to 5 years gives 0.04, with an annualized covariance of 7.0 %².
By 3-year correlation, QQQ places #7 of the 15 assets tracked against GJS. The last year tells two different stories: QQQ led by 20.0 percentage points, +6.3% for GJS against +26.3% for QQQ. Note the risk asymmetry: QQQ runs 2.7 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.
GJS vs QQQ: side by side
| GJS (Goldman Sachs Group Securities STRATS Trust for Goldman) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.3% | +26.3% |
| 5-year return | +42.1% | +95.4% |
| Volatility (ann.) | 7.2% | 19.6% |
| Beta vs S&P 500 | 0.03 | 1.28 |
| Max drawdown (3Y) | -3.9% | -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 | GJS | QQQ |
|---|---|---|
| 2022 | +0.8% | -32.6% |
| 2023 | +11.1% | +54.9% |
| 2024 | +10.2% | +25.6% |
| 2025 | +8.4% | +20.8% |
| 2026 | +3.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.05, GJS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GJS and QQQ?
Using weekly returns as of 2026-08-27: 0.05 over 3 years, with 0.07 over the last year and 0.04 over 5 years.
Is QQQ a good diversifier for GJS?
Yes. With a correlation of 0.05, GJS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 mean?
A reading of 0.05 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
$ curl https://www.pairbook.io/api/v1/pairs/gjs-vs-qqq.json
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Related comparisons
Hubs: GJS correlations · QQQ correlations
