GOGO vs QQQ: Correlation
Gogo Inc. (GOGO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOGO and QQQ?
Over the past 3 years, GOGO and QQQ moved with a correlation of 0.20, which is weak. The relationship has been stable: the 1-year correlation (0.20) sits close to the 3-year figure. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 250.2 %².
Out of 10 assets tracked against GOGO, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 102.0 percentage points, -75.7% for GOGO against +26.3% for QQQ. Risk is not evenly split, since GOGO carries 3.2 times the volatility of the other side.
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.
GOGO vs QQQ: side by side
| GOGO (Gogo Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -75.7% | +26.3% |
| 5-year return | -80.0% | +95.4% |
| Volatility (ann.) | 62.7% | 19.6% |
| Beta vs S&P 500 | 1.06 | 1.28 |
| Max drawdown (3Y) | -84.5% | -22.8% |
| Market cap | $0.4B | – |
| 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 | GOGO | QQQ |
|---|---|---|
| 2022 | +9.1% | -32.6% |
| 2023 | -31.4% | +54.9% |
| 2024 | -20.1% | +25.6% |
| 2025 | -42.4% | +20.8% |
| 2026 | -41.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOGO and QQQ good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GOGO and QQQ?
Using weekly returns as of 2026-08-27: 0.20 over 3 years, with 0.20 over the last year and 0.21 over 5 years.
Is QQQ a good diversifier for GOGO?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 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/gogo-vs-qqq.json
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[](https://www.pairbook.io/pair/gogo-vs-qqq/)
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Related comparisons
Hubs: GOGO correlations · QQQ correlations
