GLU vs QQQ: Correlation
Measured on weekly returns over the past three years, Gabelli Global Utility (GLU) and Invesco QQQ Trust (QQQ) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLU and QQQ?
Across a 3-year window, the weekly returns of GLU and QQQ correlate at 0.26, weak. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 85.5 %².
Out of 12 assets tracked against GLU, QQQ lands near the bottom at #9. On 12-month performance QQQ holds a 10.8-point edge, +15.5% against +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.
GLU vs QQQ: side by side
| GLU (Gabelli Global Utility) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.5% | +26.3% |
| 5-year return | +33.9% | +95.4% |
| Volatility (ann.) | 16.8% | 19.6% |
| Beta vs S&P 500 | 0.45 | 1.28 |
| Max drawdown (3Y) | -17.9% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 3.9 | – |
| Dividend yield | 6.22% | 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 | GLU | QQQ |
|---|---|---|
| 2022 | -28.1% | -32.6% |
| 2023 | +2.1% | +54.9% |
| 2024 | +23.6% | +25.6% |
| 2025 | +37.9% | +20.8% |
| 2026 | +5.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLU and QQQ good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GLU and QQQ?
As of 2026-08-27, the correlation of weekly returns between GLU and QQQ is 0.26 over 3 years, 0.20 over 1 year and 0.38 over 5 years.
Is QQQ a good diversifier for GLU?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glu-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glu-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLU correlations · QQQ correlations
