GNE vs QQQ: Correlation
Measured on weekly returns over the past three years, Genie Energy Ltd. (GNE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.05, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNE and QQQ?
Across a 3-year window, the weekly returns of GNE and QQQ correlate at 0.05, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.02 over 1 year against 0.05 over 3. Stretching to 5 years gives -0.03, with an annualized covariance of 38.8 %².
QQQ is close to the least connected end of GNE's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 25.6 percentage points (+0.7% for GNE against +26.3% for QQQ). One caveat on sizing: GNE is 1.9 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.
GNE vs QQQ: side by side
| GNE (Genie Energy Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +0.7% | +26.3% |
| 5-year return | +155.5% | +95.4% |
| Volatility (ann.) | 37.4% | 19.6% |
| Beta vs S&P 500 | 0.18 | 1.28 |
| Max drawdown (3Y) | -55.5% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 2.00% | 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 | GNE | QQQ |
|---|---|---|
| 2022 | +95.3% | -32.6% |
| 2023 | +177.3% | +54.9% |
| 2024 | -43.6% | +25.6% |
| 2025 | -9.9% | +20.8% |
| 2026 | +9.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNE and QQQ good diversifiers for each other?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GNE and QQQ?
Using weekly returns as of 2026-08-27: 0.05 over 3 years, with 0.02 over the last year and -0.03 over 5 years.
Is QQQ a good diversifier for GNE?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.05 mean?
A reading of 0.05 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: GNE correlations · QQQ correlations
