GLAD vs QQQ: Correlation
How closely do Gl (GLAD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLAD and QQQ?
Across a 3-year window, the weekly returns of GLAD and QQQ correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 174.2 %².
Out of 15 assets tracked against GLAD, QQQ lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 43.0 points (-16.7% versus +26.3%).
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.
GLAD vs QQQ: side by side
| GLAD (Gl) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -16.7% | +26.3% |
| 5-year return | +32.9% | +95.4% |
| Volatility (ann.) | 22.7% | 19.6% |
| Beta vs S&P 500 | 0.75 | 1.28 |
| Max drawdown (3Y) | -39.6% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 9.35% | 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 | GLAD | QQQ |
|---|---|---|
| 2022 | -10.4% | -32.6% |
| 2023 | +22.7% | +54.9% |
| 2024 | +47.0% | +25.6% |
| 2025 | -21.1% | +20.8% |
| 2026 | +2.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLAD and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GLAD and QQQ?
As of 2026-08-27, the correlation of weekly returns between GLAD and QQQ is 0.39 over 3 years, 0.37 over 1 year and 0.45 over 5 years.
Is QQQ a good diversifier for GLAD?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: GLAD correlations · QQQ correlations
