GRAB vs QQQ: Correlation
How closely do Grab Holdings Limited - Class A (GRAB) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRAB and QQQ?
Across a 3-year window, the weekly returns of GRAB and QQQ correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 375.8 %².
Within GRAB's tracked universe of 17 assets, QQQ comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 53.8 points (-27.5% versus +26.3%). One caveat on sizing: GRAB is 1.9 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.
GRAB vs QQQ: side by side
| GRAB (Grab Holdings Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -27.5% | +26.3% |
| 5-year return | -65.8% | +95.4% |
| Volatility (ann.) | 37.6% | 19.6% |
| Beta vs S&P 500 | 1.41 | 1.28 |
| Max drawdown (3Y) | -49.3% | -22.8% |
| Market cap | $14.7B | – |
| P/E (trailing) | 32.6 | – |
| 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 | GRAB | QQQ |
|---|---|---|
| 2022 | -54.8% | -32.6% |
| 2023 | +4.7% | +54.9% |
| 2024 | +40.1% | +25.6% |
| 2025 | +5.7% | +20.8% |
| 2026 | -28.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRAB and QQQ good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GRAB and QQQ?
The GRAB/QQQ correlation stands at 0.51 on a 3-year window (1 year: 0.58, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GRAB?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 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/grab-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/grab-vs-qqq/)
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Related comparisons
Hubs: GRAB correlations · QQQ correlations
