GNW vs QQQ: Correlation
Genworth Financial Inc (GNW) 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 GNW and QQQ?
Across a 3-year window, the weekly returns of GNW and QQQ correlate at 0.15, weak. The link has loosened recently: the 1-year correlation (-0.05) runs below the 3-year figure (0.15). Stretching to 5 years gives 0.18, with an annualized covariance of 82.2 %².
Among the 14 assets we track against GNW, QQQ sits near the bottom by co-movement, at rank #11. The trailing year gives QQQ the advantage: +14.5% versus +26.3%, a 11.8-point spread.
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.
GNW vs QQQ: side by side
| GNW (Genworth Financial Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +14.5% | +26.3% |
| 5-year return | +172.1% | +95.4% |
| Volatility (ann.) | 28.1% | 19.6% |
| Beta vs S&P 500 | 0.59 | 1.28 |
| Max drawdown (3Y) | -21.7% | -22.8% |
| Market cap | $3.8B | – |
| P/E (trailing) | 19.5 | – |
| 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 | GNW | QQQ |
|---|---|---|
| 2022 | +30.6% | -32.6% |
| 2023 | +26.3% | +54.9% |
| 2024 | +4.6% | +25.6% |
| 2025 | +29.2% | +20.8% |
| 2026 | +10.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNW 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 GNW and QQQ?
The GNW/QQQ correlation stands at 0.15 on a 3-year window (1 year: -0.05, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GNW?
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?
A reading of 0.15 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: GNW correlations · QQQ correlations
