GOLF vs QQQ: Correlation
Measured on weekly returns over the past three years, Acushnet Holdings Corp. (GOLF) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOLF and QQQ?
Across a 3-year window, the weekly returns of GOLF and QQQ correlate at 0.29, weak. The link has loosened recently: the 1-year correlation (-0.04) runs below the 3-year figure (0.29). Stretching to 5 years gives 0.40, with an annualized covariance of 164.9 %².
Out of 13 assets tracked against GOLF, QQQ lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 16.2 points (+10.1% versus +26.3%).
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.
GOLF vs QQQ: side by side
| GOLF (Acushnet Holdings Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.1% | +26.3% |
| 5-year return | +77.9% | +95.4% |
| Volatility (ann.) | 29.1% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -28.3% | -22.8% |
| Market cap | $5.0B | – |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 1.13% | 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 | GOLF | QQQ |
|---|---|---|
| 2022 | -18.7% | -32.6% |
| 2023 | +51.0% | +54.9% |
| 2024 | +14.0% | +25.6% |
| 2025 | +13.7% | +20.8% |
| 2026 | +7.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOLF and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GOLF and QQQ?
As of 2026-08-27, the correlation of weekly returns between GOLF and QQQ is 0.29 over 3 years, -0.04 over 1 year and 0.40 over 5 years.
Is QQQ a good diversifier for GOLF?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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[](https://www.pairbook.io/pair/golf-vs-qqq/)
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Related comparisons
Hubs: GOLF correlations · QQQ correlations
