GNTX vs QQQ: Correlation
Gentex Corporation (GNTX) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNTX and QQQ?
Across a 3-year window, the weekly returns of GNTX and QQQ correlate at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.21 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 146.8 %².
Among the 12 assets we track against GNTX, QQQ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: QQQ led by 43.5 percentage points, -17.2% for GNTX 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.
GNTX vs QQQ: side by side
| GNTX (Gentex Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -17.2% | +26.3% |
| 5-year return | -18.8% | +95.4% |
| Volatility (ann.) | 24.9% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -43.0% | -22.8% |
| Market cap | $4.9B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 2.01% | 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 | GNTX | QQQ |
|---|---|---|
| 2022 | -20.4% | -32.6% |
| 2023 | +21.8% | +54.9% |
| 2024 | -10.7% | +25.6% |
| 2025 | -17.4% | +20.8% |
| 2026 | +0.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNTX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GNTX and QQQ?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.21 over the last year and 0.41 over 5 years.
Is QQQ a good diversifier for GNTX?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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: GNTX correlations · QQQ correlations
