GNK vs QQQ: Correlation
Genco Shipping & Trading Limited (GNK) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNK and QQQ?
Across a 3-year window, the weekly returns of GNK and QQQ correlate at 0.37, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.37). Stretching to 5 years gives 0.24, with an annualized covariance of 237.2 %².
QQQ is close to the least connected end of GNK's tracked universe, ranking #10 of 13. Correlation aside, the last 12 months split them widely, with GNK ahead by 37.3 points (+63.6% versus +26.3%). Risk is not evenly split, since GNK carries 1.7 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.
GNK vs QQQ: side by side
| GNK (Genco Shipping & Trading Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +63.6% | +26.3% |
| 5-year return | +93.4% | +95.4% |
| Volatility (ann.) | 33.1% | 19.6% |
| Beta vs S&P 500 | 0.98 | 1.28 |
| Max drawdown (3Y) | -47.1% | -22.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | 28.4 | – |
| Dividend yield | 6.97% | 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 | GNK | QQQ |
|---|---|---|
| 2022 | +11.4% | -32.6% |
| 2023 | +14.4% | +54.9% |
| 2024 | -8.9% | +25.6% |
| 2025 | +39.1% | +20.8% |
| 2026 | +49.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNK and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GNK and QQQ?
The GNK/QQQ correlation stands at 0.37 on a 3-year window (1 year: 0.19, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GNK?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
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Related comparisons
Hubs: GNK correlations · QQQ correlations
