GOOGL vs QQQM: Correlation
Alphabet Inc. (Class A) (GOOGL) and Invesco Nasdaq 100 ETF (QQQM) 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 QQQM?
On 3 years of weekly data the GOOGL/QQQM correlation comes out at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 361.4 %².
Within GOOGL's tracked universe of 37 assets, QQQM comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GOOGL outperformed by 38.3 percentage points (+64.7% for GOOGL against +26.4% for QQQM). Stability stands out here, with the rolling one-year correlation confined to 0.50 through 0.74. One caveat on sizing: GOOGL is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 QQQM: side by side
| GOOGL (Alphabet Inc. (Class A)) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +64.7% | +26.4% |
| 5-year return | +137.7% | +96.1% |
| Volatility (ann.) | 31.4% | 19.5% |
| Beta vs S&P 500 | 1.22 | 1.28 |
| Max drawdown (3Y) | -29.8% | -22.7% |
| Market cap | $4,166.1B | – |
| P/E (trailing) | 17.2 | – |
| 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 | GOOGL | QQQM |
|---|---|---|
| 2022 | -39.1% | -32.5% |
| 2023 | +58.3% | +55.0% |
| 2024 | +36.0% | +25.7% |
| 2025 | +66.0% | +20.9% |
| 2026 | +9.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 3.2% of QQQM is GOOGL itself, so the fund partly moves with the stock by construction.
Are GOOGL and QQQM good diversifiers for each other?
Only partially. A correlation of 0.59 means GOOGL 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 GOOGL and QQQM?
The GOOGL/QQQM 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 QQQM a good diversifier for GOOGL?
Only partially. A correlation of 0.59 means GOOGL 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?
A reading of 0.59 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
$ curl https://www.pairbook.io/api/v1/pairs/googl-vs-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/googl-vs-qqqm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GOOGL correlations · QQQM correlations
