GOOG vs QQQ: Correlation
How closely do Alphabet Inc. (Class C) (GOOG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOG and QQQ?
Across a 3-year window, the weekly returns of GOOG and QQQ correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 358.0 %².
Among the 36 assets we track against GOOG, QQQ ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GOOG outperformed by 36.4 percentage points (+62.7% for GOOG against +26.3% for QQQ). Stability stands out here, with the rolling one-year correlation confined to 0.50 through 0.74. Risk is not evenly split, since GOOG carries 1.6 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.
GOOG vs QQQ: side by side
| GOOG (Alphabet Inc. (Class C)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +62.7% | +26.3% |
| 5-year return | +134.2% | +95.4% |
| Volatility (ann.) | 31.1% | 19.6% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -29.4% | -22.8% |
| Market cap | $4,130.2B | – |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 0.25% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Communication Services | 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 | GOOG | QQQ |
|---|---|---|
| 2022 | -38.7% | -32.6% |
| 2023 | +58.8% | +54.9% |
| 2024 | +35.6% | +25.6% |
| 2025 | +65.4% | +20.8% |
| 2026 | +7.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
GOOG represents 2.97% of QQQ's portfolio, so part of any move in QQQ is GOOG itself, and the correlation between them is partly mechanical.
Are GOOG and QQQ good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GOOG and QQQ?
The GOOG/QQQ correlation stands at 0.59 on a 3-year window (1 year: 0.55, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GOOG?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 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/goog-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/goog-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOOG correlations · QQQ correlations
