GLPI vs QQQ: Correlation
Gaming and Leisure Properties, Inc. (GLPI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLPI and QQQ?
On 3 years of weekly data the GLPI/QQQ correlation comes out at 0.11, weak. The relationship has been stable: the 1-year correlation (0.04) sits close to the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 37.5 %².
QQQ is close to the least connected end of GLPI's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 31.8 percentage points (-5.5% for GLPI against +26.3% for QQQ).
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.
GLPI vs QQQ: side by side
| GLPI (Gaming and Leisure Properties, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.5% | +26.3% |
| 5-year return | +19.9% | +95.4% |
| Volatility (ann.) | 17.1% | 19.6% |
| Beta vs S&P 500 | 0.29 | 1.28 |
| Max drawdown (3Y) | -14.9% | -22.8% |
| Market cap | $12.7B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 7.42% | 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 | GLPI | QQQ |
|---|---|---|
| 2022 | +13.5% | -32.6% |
| 2023 | +0.9% | +54.9% |
| 2024 | +3.9% | +25.6% |
| 2025 | -0.8% | +20.8% |
| 2026 | -2.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLPI and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between GLPI and QQQ?
The GLPI/QQQ correlation stands at 0.11 on a 3-year window (1 year: 0.04, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GLPI?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 mean?
A reading of 0.11 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/glpi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glpi-vs-qqq/)
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Related comparisons
Hubs: GLPI correlations · QQQ correlations
