GME vs QQQ: Correlation
Measured on weekly returns over the past three years, GameStop Corporation (GME) and Invesco QQQ Trust (QQQ) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GME and QQQ?
On 3 years of weekly data the GME/QQQ correlation comes out at 0.13, weak. Little has changed lately, as the 1-year reading of 0.14 lands near the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 151.8 %².
Among the 10 assets we track against GME, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 45.2 percentage points, -18.9% for GME against +26.3% for QQQ. One caveat on sizing: GME is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GME vs QQQ: side by side
| GME (GameStop Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -18.9% | +26.3% |
| 5-year return | -65.1% | +95.4% |
| Volatility (ann.) | 57.6% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -63.2% | -22.8% |
| Market cap | $8.2B | – |
| P/E (trailing) | 13.4 | – |
| 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 | GME | QQQ |
|---|---|---|
| 2022 | -50.2% | -32.6% |
| 2023 | -5.0% | +54.9% |
| 2024 | +78.8% | +25.6% |
| 2025 | -35.9% | +20.8% |
| 2026 | -9.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GME and QQQ good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GME and QQQ?
As of 2026-08-27, the correlation of weekly returns between GME and QQQ is 0.13 over 3 years, 0.14 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for GME?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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/gme-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gme-vs-qqq/)
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Related comparisons
Hubs: GME correlations · QQQ correlations
