GORO vs QQQ: Correlation
Goldgroup Mining Inc. (GORO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GORO and QQQ?
On 3 years of weekly data the GORO/QQQ correlation comes out at 0.17, weak. The past 12 months show a tighter link (0.31) than the 3-year average (0.17). The 5-year figure is 0.04, and annualized covariance runs at 515.6 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against GORO. Twelve-month performance is nearly a tie, at +21.5% for GORO and +26.3% for QQQ. Risk is not evenly split, since GORO carries 7.9 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.
GORO vs QQQ: side by side
| GORO (Goldgroup Mining Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.5% | +26.3% |
| 5-year return | +215.8% | +95.4% |
| Volatility (ann.) | 154.1% | 19.6% |
| Beta vs S&P 500 | 1.39 | 1.28 |
| Max drawdown (3Y) | -75.0% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | GORO | QQQ |
|---|---|---|
| 2022 | -73.3% | -32.6% |
| 2023 | -75.0% | +54.9% |
| 2024 | +450.0% | +25.6% |
| 2025 | +936.4% | +20.8% |
| 2026 | -16.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GORO and QQQ good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GORO and QQQ?
The GORO/QQQ correlation stands at 0.17 on a 3-year window (1 year: 0.31, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GORO?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 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/goro-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/goro-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GORO correlations · QQQ correlations
