GPC vs QQQ: Correlation
How closely do Genuine Parts Company (GPC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPC and QQQ?
Over the past 3 years, GPC and QQQ moved with a correlation of 0.19, which is weak. Recent behaviour matches the longer record: 0.10 over 1 year against 0.19 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 119.1 %².
Among the 36 assets we track against GPC, QQQ ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 25.0 points (+1.3% versus +26.3%). This link changes with the market regime, having swung between -0.02 and 0.48 on a rolling one-year basis. Note the risk asymmetry: GPC 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.
GPC vs QQQ: side by side
| GPC (Genuine Parts Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.3% | +26.3% |
| 5-year return | +27.6% | +95.4% |
| Volatility (ann.) | 31.9% | 19.6% |
| Beta vs S&P 500 | 0.66 | 1.28 |
| Max drawdown (3Y) | -39.7% | -22.8% |
| Market cap | $18.8B | – |
| P/E (trailing) | 546.8 | – |
| Dividend yield | 3.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | GPC | QQQ |
|---|---|---|
| 2022 | +26.8% | -32.6% |
| 2023 | -18.1% | +54.9% |
| 2024 | -13.2% | +25.6% |
| 2025 | +8.7% | +20.8% |
| 2026 | +13.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between GPC and QQQ?
As of 2026-08-27, the correlation of weekly returns between GPC and QQQ is 0.19 over 3 years, 0.10 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for GPC?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 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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Related comparisons
Hubs: GPC correlations · QQQ correlations
