GNRC vs QQQ: Correlation
How closely do Generac (GNRC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNRC and QQQ?
Over the past 3 years, GNRC and QQQ moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 359.3 %².
Within GNRC's tracked universe of 35 assets, QQQ comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 20.8 points (+5.5% versus +26.3%). On a rolling one-year basis the correlation drifted between 0.13 and 0.62, a moderate band. Note the risk asymmetry: GNRC runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GNRC vs QQQ: side by side
| GNRC (Generac) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.5% | +26.3% |
| 5-year return | -55.4% | +95.4% |
| Volatility (ann.) | 46.1% | 19.6% |
| Beta vs S&P 500 | 1.35 | 1.28 |
| Max drawdown (3Y) | -47.8% | -22.8% |
| Market cap | $11.6B | – |
| P/E (trailing) | 47.4 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | GNRC | QQQ |
|---|---|---|
| 2022 | -71.4% | -32.6% |
| 2023 | +28.4% | +54.9% |
| 2024 | +20.0% | +25.6% |
| 2025 | -12.0% | +20.8% |
| 2026 | +44.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNRC and QQQ good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GNRC and QQQ?
The GNRC/QQQ correlation stands at 0.40 on a 3-year window (1 year: 0.31, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GNRC?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gnrc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gnrc-vs-qqq/)
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Related comparisons
Hubs: GNRC correlations · QQQ correlations
