GRCE vs QQQ: Correlation
Grace Therapeutics, Inc. (GRCE) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRCE and QQQ?
Over the past 3 years, GRCE and QQQ moved with a correlation of 0.18, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.06 versus 0.18 over 3 years. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 273.8 %².
Among the 10 assets we track against GRCE, QQQ sits near the bottom by co-movement, at rank #6. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 55.9 percentage points (-29.6% for GRCE against +26.3% for QQQ). One caveat on sizing: GRCE is 4.0 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.
GRCE vs QQQ: side by side
| GRCE (Grace Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -29.6% | +26.3% |
| 5-year return | -88.8% | +95.4% |
| Volatility (ann.) | 78.2% | 19.6% |
| Beta vs S&P 500 | 0.95 | 1.28 |
| Max drawdown (3Y) | -60.0% | -22.8% |
| Market cap | – | – |
| 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 | GRCE | QQQ |
|---|---|---|
| 2022 | -60.3% | -32.6% |
| 2023 | -3.7% | +54.9% |
| 2024 | +29.4% | +25.6% |
| 2025 | -7.5% | +20.8% |
| 2026 | -37.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRCE and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, GRCE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GRCE and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.06 over the last year and 0.19 over 5 years.
Is QQQ a good diversifier for GRCE?
Yes. With a correlation of 0.18, GRCE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
A reading of 0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/grce-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/grce-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRCE correlations · QQQ correlations
