GO vs QQQ: Correlation
Grocery Outlet Holding Corp. (GO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GO and QQQ?
On 3 years of weekly data the GO/QQQ correlation comes out at 0.19, weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. The 5-year figure is 0.18, and annualized covariance runs at 194.4 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against GO. The last year tells two different stories: QQQ led by 63.1 percentage points, -36.8% for GO against +26.3% for QQQ. One caveat on sizing: GO is 2.7 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.
GO vs QQQ: side by side
| GO (Grocery Outlet Holding Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -36.8% | +26.3% |
| 5-year return | -54.0% | +95.4% |
| Volatility (ann.) | 52.6% | 19.6% |
| Beta vs S&P 500 | 0.76 | 1.28 |
| Max drawdown (3Y) | -81.7% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| 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 | GO | QQQ |
|---|---|---|
| 2022 | +3.2% | -32.6% |
| 2023 | -7.6% | +54.9% |
| 2024 | -42.1% | +25.6% |
| 2025 | -35.3% | +20.8% |
| 2026 | +15.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GO and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, GO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GO and QQQ?
The GO/QQQ correlation stands at 0.19 on a 3-year window (1 year: 0.19, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GO?
Yes. With a correlation of 0.19, GO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 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/go-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/go-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GO correlations · QQQ correlations
