GL vs QQQ: Correlation
Globe Life (GL) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GL and QQQ?
On 3 years of weekly data the GL/QQQ correlation comes out at 0.12, weak. Little has changed lately, as the 1-year reading of 0.11 lands near the 3-year figure. The 5-year figure is 0.16, and annualized covariance runs at 84.1 %².
Within GL's tracked universe of 30 assets, QQQ comes in at #18 by 3-year correlation. Their 12-month results are close: +26.1% for GL against +26.3% for QQQ. Across three years, the rolling one-year figure varied moderately, from -0.07 to 0.35. One caveat on sizing: GL is 1.8 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.
GL vs QQQ: side by side
| GL (Globe Life) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.1% | +26.3% |
| 5-year return | +91.0% | +95.4% |
| Volatility (ann.) | 35.7% | 19.6% |
| Beta vs S&P 500 | 0.60 | 1.28 |
| Max drawdown (3Y) | -61.6% | -22.8% |
| Market cap | $13.5B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 0.68% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | GL | QQQ |
|---|---|---|
| 2022 | +29.7% | -32.6% |
| 2023 | +1.8% | +54.9% |
| 2024 | -7.5% | +25.6% |
| 2025 | +26.5% | +20.8% |
| 2026 | +26.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GL and QQQ good diversifiers for each other?
Yes. With a correlation of 0.12, GL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GL and QQQ?
The GL/QQQ correlation stands at 0.12 on a 3-year window (1 year: 0.11, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GL?
Yes. With a correlation of 0.12, GL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 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/gl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gl-vs-qqq/)
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Related comparisons
Hubs: GL correlations · QQQ correlations
