GOOG vs QQQM: Correlation
How closely do Alphabet Inc. (Class C) (GOOG) and Invesco Nasdaq 100 ETF (QQQM) 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 QQQM?
Over the past 3 years, GOOG and QQQM moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 356.1 %².
By 3-year correlation, QQQM places #7 of the 36 assets tracked against GOOG. The last year tells two different stories: GOOG led by 36.3 percentage points, +62.7% for GOOG against +26.4% for QQQM. The rolling one-year correlation stayed in a tight band between 0.50 and 0.74 over the past three years, which points to a structural rather than episodic relationship. 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 QQQM: side by side
| GOOG (Alphabet Inc. (Class C)) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +62.7% | +26.4% |
| 5-year return | +134.2% | +96.1% |
| Volatility (ann.) | 31.1% | 19.5% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -29.4% | -22.7% |
| Market cap | $4,130.2B | – |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 0.25% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Communication Services | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | GOOG | QQQM |
|---|---|---|
| 2022 | -38.7% | -32.5% |
| 2023 | +58.8% | +55.0% |
| 2024 | +35.6% | +25.7% |
| 2025 | +65.4% | +20.9% |
| 2026 | +7.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 2.97% of QQQM is GOOG itself, so the fund partly moves with the stock by construction.
Are GOOG and QQQM good diversifiers for each other?
Only partially. A correlation of 0.59 means GOOG and QQQM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GOOG and QQQM?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.55 over the last year and 0.68 over 5 years.
Is QQQM a good diversifier for GOOG?
Only partially. A correlation of 0.59 means GOOG and QQQM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/goog-vs-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/goog-vs-qqqm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GOOG correlations · QQQM correlations
