GOLD vs QQQ: Correlation
Measured on weekly returns over the past three years, Gold.com, Inc. (GOLD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOLD and QQQ?
Across a 3-year window, the weekly returns of GOLD and QQQ correlate at 0.21, weak. Recent behaviour matches the longer record: 0.31 over 1 year against 0.21 over 3. Stretching to 5 years gives 0.31, with an annualized covariance of 189.8 %².
Out of 12 assets tracked against GOLD, QQQ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months GOLD outperformed by 77.7 percentage points (+104.0% for GOLD against +26.3% for QQQ). Risk is not evenly split, since GOLD carries 2.4 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.
GOLD vs QQQ: side by side
| GOLD (Gold.com, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +104.0% | +26.3% |
| 5-year return | +128.6% | +95.4% |
| Volatility (ann.) | 46.9% | 19.6% |
| Beta vs S&P 500 | 0.85 | 1.28 |
| Max drawdown (3Y) | -57.1% | -22.8% |
| Market cap | $1.3B | – |
| P/E (trailing) | 14.8 | – |
| Dividend yield | 1.76% | 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 | GOLD | QQQ |
|---|---|---|
| 2022 | +18.4% | -32.6% |
| 2023 | -8.4% | +54.9% |
| 2024 | -7.4% | +25.6% |
| 2025 | +28.4% | +20.8% |
| 2026 | +36.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOLD and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GOLD and QQQ?
The GOLD/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.31, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GOLD?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gold-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gold-vs-qqq/)
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Related comparisons
Hubs: GOLD correlations · QQQ correlations
