GMM vs QQQ: Correlation
How closely do Global Mofy AI Limited - Class A (GMM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GMM and QQQ?
On 3 years of weekly data the GMM/QQQ correlation comes out at 0.02, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus 0.02 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 392.1 %².
Out of 21 assets tracked against GMM, QQQ lands near the bottom at #17. The last year tells two different stories: QQQ led by 123.8 percentage points, -97.5% for GMM against +26.3% for QQQ. Risk is not evenly split, since GMM carries 56.0 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.
GMM vs QQQ: side by side
| GMM (Global Mofy AI Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -97.5% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 1098.3% | 19.6% |
| Beta vs S&P 500 | 2.95 | 1.28 |
| Max drawdown (3Y) | -99.7% | -22.8% |
| Market cap | – | – |
| 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 | GMM | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -30.5% | +25.6% |
| 2025 | -69.6% | +20.8% |
| 2026 | -95.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GMM and QQQ good diversifiers for each other?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GMM and QQQ?
The GMM/QQQ correlation stands at 0.02 on a 3-year window (1 year: 0.13, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GMM?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.02 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
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Related comparisons
Hubs: GMM correlations · QQQ correlations
