GLUE vs QQQ: Correlation
Measured on weekly returns over the past three years, Monte Rosa Therapeutics, Inc. (GLUE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLUE and QQQ?
On 3 years of weekly data the GLUE/QQQ correlation comes out at 0.23, weak. Recent behaviour matches the longer record: 0.24 over 1 year against 0.23 over 3. The 5-year figure is 0.31, and annualized covariance runs at 476.2 %².
QQQ is close to the least connected end of GLUE's tracked universe, ranking #13 of 16. The last year tells two different stories: GLUE led by 180.3 percentage points, +206.6% for GLUE against +26.3% for QQQ. Note the risk asymmetry: GLUE runs 5.3 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.
GLUE vs QQQ: side by side
| GLUE (Monte Rosa Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +206.6% | +26.3% |
| 5-year return | -61.7% | +95.4% |
| Volatility (ann.) | 104.5% | 19.6% |
| Beta vs S&P 500 | 1.91 | 1.28 |
| Max drawdown (3Y) | -64.3% | -22.8% |
| Market cap | $1.2B | – |
| 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 | GLUE | QQQ |
|---|---|---|
| 2022 | -62.7% | -32.6% |
| 2023 | -25.8% | +54.9% |
| 2024 | +22.8% | +25.6% |
| 2025 | +125.9% | +20.8% |
| 2026 | -8.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLUE and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GLUE and QQQ?
As of 2026-08-27, the correlation of weekly returns between GLUE and QQQ is 0.23 over 3 years, 0.24 over 1 year and 0.31 over 5 years.
Is QQQ a good diversifier for GLUE?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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/glue-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glue-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLUE correlations · QQQ correlations
