GOOD vs QQQ: Correlation
Measured on weekly returns over the past three years, Gl (GOOD) 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 GOOD and QQQ?
Across a 3-year window, the weekly returns of GOOD and QQQ correlate at 0.29, weak. Recent behaviour matches the longer record: 0.27 over 1 year against 0.29 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 128.1 %².
Out of 16 assets tracked against GOOD, QQQ lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 18.1 percentage points (+8.2% for GOOD against +26.3% for QQQ).
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.
GOOD vs QQQ: side by side
| GOOD (Gl) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.2% | +26.3% |
| 5-year return | -11.7% | +95.4% |
| Volatility (ann.) | 22.3% | 19.6% |
| Beta vs S&P 500 | 0.67 | 1.28 |
| Max drawdown (3Y) | -35.3% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 51.9 | – |
| Dividend yield | 9.22% | 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 | GOOD | QQQ |
|---|---|---|
| 2022 | -22.5% | -32.6% |
| 2023 | -21.6% | +54.9% |
| 2024 | +33.3% | +25.6% |
| 2025 | -28.1% | +20.8% |
| 2026 | +29.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOD and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GOOD and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.27 over the last year and 0.39 over 5 years.
Is QQQ a good diversifier for GOOD?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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
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Related comparisons
Hubs: GOOD correlations · QQQ correlations
