GLDG vs QQQ: Correlation
GoldMining Inc. (GLDG) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLDG and QQQ?
Across a 3-year window, the weekly returns of GLDG and QQQ correlate at 0.15, weak. The link has tightened recently: the 1-year correlation (0.29) runs above the 3-year figure (0.15). Stretching to 5 years gives 0.18, with an annualized covariance of 154.2 %².
By 3-year correlation, QQQ places #9 of the 14 assets tracked against GLDG. Their 12-month results are close: +22.6% for GLDG against +26.3% for QQQ. Note the risk asymmetry: GLDG 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.
GLDG vs QQQ: side by side
| GLDG (GoldMining Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +22.6% | +26.3% |
| 5-year return | -8.1% | +95.4% |
| Volatility (ann.) | 52.0% | 19.6% |
| Beta vs S&P 500 | 0.47 | 1.28 |
| Max drawdown (3Y) | -61.7% | -22.8% |
| Market cap | $0.2B | – |
| 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 | GLDG | QQQ |
|---|---|---|
| 2022 | -5.8% | -32.6% |
| 2023 | -14.2% | +54.9% |
| 2024 | -16.5% | +25.6% |
| 2025 | +54.3% | +20.8% |
| 2026 | -8.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLDG and QQQ good diversifiers for each other?
Yes. With a correlation of 0.15, GLDG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GLDG and QQQ?
The GLDG/QQQ correlation stands at 0.15 on a 3-year window (1 year: 0.29, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GLDG?
Yes. With a correlation of 0.15, GLDG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 mean?
A reading of 0.15 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/gldg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gldg-vs-qqq/)
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Related comparisons
Hubs: GLDG correlations · QQQ correlations
