GNT vs QQQ: Correlation
Measured on weekly returns over the past three years, GAMCO Natural Resources, Gold & Income Trust (GNT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNT and QQQ?
Over the past 3 years, GNT and QQQ moved with a correlation of 0.19, which is weak. Recent behaviour matches the longer record: 0.09 over 1 year against 0.19 over 3. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 76.3 %².
QQQ is close to the least connected end of GNT's tracked universe, ranking #8 of 11. The last year tells two different stories: GNT led by 24.8 percentage points, +51.1% for GNT against +26.3% for QQQ.
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.
GNT vs QQQ: side by side
| GNT (GAMCO Natural Resources, Gold & Income Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +51.1% | +26.3% |
| 5-year return | +152.2% | +95.4% |
| Volatility (ann.) | 21.0% | 19.6% |
| Beta vs S&P 500 | 0.40 | 1.28 |
| Max drawdown (3Y) | -15.7% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 3.2 | – |
| 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 | GNT | QQQ |
|---|---|---|
| 2022 | +2.8% | -32.6% |
| 2023 | +7.8% | +54.9% |
| 2024 | +10.5% | +25.6% |
| 2025 | +52.4% | +20.8% |
| 2026 | +32.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, GNT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GNT and QQQ?
As of 2026-08-27, the correlation of weekly returns between GNT and QQQ is 0.19 over 3 years, 0.09 over 1 year and 0.28 over 5 years.
Is QQQ a good diversifier for GNT?
Yes. With a correlation of 0.19, GNT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
A reading of 0.19 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/gnt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gnt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GNT correlations · QQQ correlations
