GOOGL vs QQQ: Correlation
Alphabet Inc. (Class A) (GOOGL) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOGL and QQQ?
On 3 years of weekly data the GOOGL/QQQ correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 363.4 %².
Among the 37 assets we track against GOOGL, QQQ ranks #6 by 3-year correlation. The last year tells two different stories: GOOGL led by 38.4 percentage points, +64.7% for GOOGL against +26.3% for QQQ. The link looks structural: the rolling one-year correlation barely moved, holding between 0.50 and 0.74. Note the risk asymmetry: GOOGL runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GOOGL vs QQQ: side by side
| GOOGL (Alphabet Inc. (Class A)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +64.7% | +26.3% |
| 5-year return | +137.7% | +95.4% |
| Volatility (ann.) | 31.4% | 19.6% |
| Beta vs S&P 500 | 1.22 | 1.28 |
| Max drawdown (3Y) | -29.8% | -22.8% |
| Market cap | $4,166.1B | – |
| P/E (trailing) | 17.2 | – |
| 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 | GOOGL | QQQ |
|---|---|---|
| 2022 | -39.1% | -32.6% |
| 2023 | +58.3% | +54.9% |
| 2024 | +36.0% | +25.6% |
| 2025 | +66.0% | +20.8% |
| 2026 | +9.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQ holds GOOGL at a 3.2% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are GOOGL and QQQ good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GOOGL and QQQ?
The GOOGL/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 GOOGL?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
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
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Hubs: GOOGL correlations · QQQ correlations
