GNLN vs QQQ: Correlation
Greenlane Holdings, Inc. (GNLN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNLN and QQQ?
Over the past 3 years, GNLN and QQQ moved with a correlation of 0.15, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.31 versus 0.15 over 3 years. Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 675.0 %².
Out of 13 assets tracked against GNLN, QQQ lands near the bottom at #10. The last year tells two different stories: QQQ led by 115.5 percentage points, -89.2% for GNLN against +26.3% for QQQ. One caveat on sizing: GNLN is 11.8 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.
GNLN vs QQQ: side by side
| GNLN (Greenlane Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -89.2% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 231.5% | 19.6% |
| Beta vs S&P 500 | 2.48 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.3 | – |
| 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 | GNLN | QQQ |
|---|---|---|
| 2022 | -98.5% | -32.6% |
| 2023 | -82.0% | +54.9% |
| 2024 | -71.0% | +25.6% |
| 2025 | -99.9% | +20.8% |
| 2026 | -77.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNLN and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between GNLN and QQQ?
The GNLN/QQQ correlation stands at 0.15 on a 3-year window (1 year: 0.31, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GNLN?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 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
$ curl https://www.pairbook.io/api/v1/pairs/gnln-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gnln-vs-qqq/)
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Related comparisons
Hubs: GNLN correlations · QQQ correlations
