GLNG vs QQQ: Correlation
How closely do Golar LNG Limited (GLNG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLNG and QQQ?
Over the past 3 years, GLNG and QQQ moved with a correlation of 0.30, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.08 versus 0.30 over 3 years. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 220.4 %².
Out of 12 assets tracked against GLNG, QQQ lands near the bottom at #8. Over the last 12 months QQQ came out ahead by 8.6 percentage points (+17.7% against +26.3%). Note the risk asymmetry: GLNG runs 1.9 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.
GLNG vs QQQ: side by side
| GLNG (Golar LNG Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.7% | +26.3% |
| 5-year return | +415.5% | +95.4% |
| Volatility (ann.) | 37.5% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -29.4% | -22.8% |
| Market cap | $5.3B | – |
| P/E (trailing) | 35.3 | – |
| Dividend yield | 1.95% | 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 | GLNG | QQQ |
|---|---|---|
| 2022 | +83.9% | -32.6% |
| 2023 | +4.4% | +54.9% |
| 2024 | +90.8% | +25.6% |
| 2025 | -9.7% | +20.8% |
| 2026 | +40.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLNG and QQQ good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GLNG and QQQ?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with -0.08 over the last year and 0.30 over 5 years.
Is QQQ a good diversifier for GLNG?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 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/glng-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glng-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLNG correlations · QQQ correlations
