GRDX vs QQQ: Correlation
GridAI Technologies Corp. (GRDX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRDX and QQQ?
Over the past 3 years, GRDX and QQQ moved with a correlation of 0.10, which is weak. The past 12 months show a tighter link (0.22) than the 3-year average (0.10). Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 303.7 %².
Among the 10 assets we track against GRDX, QQQ sits near the bottom by co-movement, at rank #6. The last year tells two different stories: GRDX led by 83.6 percentage points, +109.9% for GRDX against +26.3% for QQQ. Risk is not evenly split, since GRDX carries 8.1 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.
GRDX vs QQQ: side by side
| GRDX (GridAI Technologies Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +109.9% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 157.9% | 19.6% |
| Beta vs S&P 500 | 1.09 | 1.28 |
| Max drawdown (3Y) | -97.7% | -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 | GRDX | QQQ |
|---|---|---|
| 2022 | -98.0% | -32.6% |
| 2023 | -96.6% | +54.9% |
| 2024 | -85.2% | +25.6% |
| 2025 | +149.7% | +20.8% |
| 2026 | -13.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRDX and QQQ good diversifiers for each other?
Yes. With a correlation of 0.10, GRDX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GRDX and QQQ?
Using weekly returns as of 2026-08-27: 0.10 over 3 years, with 0.22 over the last year and 0.15 over 5 years.
Is QQQ a good diversifier for GRDX?
Yes. With a correlation of 0.10, GRDX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.10 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: GRDX correlations · QQQ correlations
