GM vs QQQ: Correlation
General Motors (GM) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GM and QQQ?
On 3 years of weekly data the GM/QQQ correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 217.0 %².
Among the 35 assets we track against GM, QQQ ranks #24 by 3-year correlation. The last year tells two different stories: GM led by 21.7 percentage points, +48.0% for GM against +26.3% for QQQ. The rolling one-year correlation moved between 0.29 and 0.60 over the past three years, a moderate range. Risk is not evenly split, since GM carries 1.6 times the volatility of the other side.
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.
GM vs QQQ: side by side
| GM (General Motors) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +48.0% | +26.3% |
| 5-year return | +82.5% | +95.4% |
| Volatility (ann.) | 32.2% | 19.6% |
| Beta vs S&P 500 | 0.98 | 1.28 |
| Max drawdown (3Y) | -29.1% | -22.8% |
| Market cap | $77.9B | – |
| P/E (trailing) | 38.6 | – |
| Dividend yield | 0.76% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | GM | QQQ |
|---|---|---|
| 2022 | -42.4% | -32.6% |
| 2023 | +7.9% | +54.9% |
| 2024 | +49.8% | +25.6% |
| 2025 | +54.2% | +20.8% |
| 2026 | +6.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GM and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GM and QQQ?
The GM/QQQ correlation stands at 0.34 on a 3-year window (1 year: 0.29, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GM?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GM correlations · QQQ correlations
