GLAS vs QQQ: Correlation
Glass House Brands Inc. Subordinate Voting Shares (GLAS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLAS and QQQ?
Across a 3-year window, the weekly returns of GLAS and QQQ correlate at 0.17, weak. The link has loosened recently: the 1-year correlation (-0.00) runs below the 3-year figure (0.17). Stretching to 5 years gives 0.12, with an annualized covariance of 203.2 %².
Out of 11 assets tracked against GLAS, QQQ lands near the bottom at #8. On 12-month performance QQQ holds a 7.6-point edge, +18.7% against +26.3%. One caveat on sizing: GLAS is 3.2 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.
GLAS vs QQQ: side by side
| GLAS (Glass House Brands Inc. Subordinate Voting Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.7% | +26.3% |
| 5-year return | +124.8% | +95.4% |
| Volatility (ann.) | 62.8% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -61.4% | -22.8% |
| Market cap | $0.9B | – |
| 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 | GLAS | QQQ |
|---|---|---|
| 2022 | -50.2% | -32.6% |
| 2023 | +147.6% | +54.9% |
| 2024 | +22.6% | +25.6% |
| 2025 | +52.6% | +20.8% |
| 2026 | +10.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLAS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, GLAS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GLAS and QQQ?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with -0.00 over the last year and 0.12 over 5 years.
Is QQQ a good diversifier for GLAS?
Yes. With a correlation of 0.17, GLAS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glas-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glas-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLAS correlations · QQQ correlations
