GPAT vs QQQ: Correlation
GP-Act III Acquisition Corp. - Class A (GPAT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPAT and QQQ?
Across a 3-year window, the weekly returns of GPAT and QQQ correlate at 0.25, weak. The link has tightened recently: the 1-year correlation (0.37) runs above the 3-year figure (0.25). Stretching to 5 years gives n/a, with an annualized covariance of 16.5 %².
Among the 22 assets we track against GPAT, QQQ ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 22.9 points (+3.4% versus +26.3%). Risk is not evenly split, since QQQ carries 6.1 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.
GPAT vs QQQ: side by side
| GPAT (GP-Act III Acquisition Corp. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 3.2% | 19.6% |
| Beta vs S&P 500 | 0.05 | 1.28 |
| Max drawdown (3Y) | -2.1% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 44.6 | – |
| 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 | GPAT | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +5.4% | +20.8% |
| 2026 | +2.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPAT and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GPAT and QQQ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is QQQ a good diversifier for GPAT?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 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/gpat-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gpat-vs-qqq/)
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Related comparisons
Hubs: GPAT correlations · QQQ correlations
