GPGI vs QQQ: Correlation
GPGI, Inc. (GPGI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPGI and QQQ?
Over the past 3 years, GPGI and QQQ moved with a correlation of 0.24, which is weak. Little has changed lately, as the 1-year reading of 0.21 lands near the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 253.7 %².
QQQ is close to the least connected end of GPGI's tracked universe, ranking #10 of 13. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 59.5 percentage points (-33.2% for GPGI against +26.3% for QQQ). Note the risk asymmetry: GPGI runs 2.7 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.
GPGI vs QQQ: side by side
| GPGI (GPGI, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -33.2% | +26.3% |
| 5-year return | +66.0% | +95.4% |
| Volatility (ann.) | 53.8% | 19.6% |
| Beta vs S&P 500 | 1.14 | 1.28 |
| Max drawdown (3Y) | -55.7% | -22.8% |
| Market cap | $3.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.04% | 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 | GPGI | QQQ |
|---|---|---|
| 2022 | -40.2% | -32.6% |
| 2023 | +10.0% | +54.9% |
| 2024 | +197.3% | +25.6% |
| 2025 | +51.4% | +20.8% |
| 2026 | -31.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPGI and QQQ good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GPGI and QQQ?
The GPGI/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.21, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GPGI?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 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/gpgi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gpgi-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPGI correlations · QQQ correlations
