GRF vs QQQ: Correlation
Measured on weekly returns over the past three years, Eagle Capital Growth Fund, Inc. (GRF) and Invesco QQQ Trust (QQQ) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRF and QQQ?
Over the past 3 years, GRF and QQQ moved with a correlation of 0.17, which is weak. The past 12 months show a weaker link (0.05) than the 3-year average (0.17). Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is 63.8 %².
Among the 10 assets we track against GRF, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 16.6 percentage points, +9.7% for GRF against +26.3% for QQQ.
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.
GRF vs QQQ: side by side
| GRF (Eagle Capital Growth Fund, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.7% | +26.3% |
| 5-year return | +56.2% | +95.4% |
| Volatility (ann.) | 19.6% | 19.6% |
| Beta vs S&P 500 | 0.31 | 1.28 |
| Max drawdown (3Y) | -17.8% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 10.5 | – |
| Dividend yield | 8.10% | 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 | GRF | QQQ |
|---|---|---|
| 2022 | -6.5% | -32.6% |
| 2023 | +14.9% | +54.9% |
| 2024 | +10.3% | +25.6% |
| 2025 | +19.1% | +20.8% |
| 2026 | -1.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRF and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between GRF and QQQ?
The GRF/QQQ correlation stands at 0.17 on a 3-year window (1 year: 0.05, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GRF?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 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/grf-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/grf-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRF correlations · QQQ correlations
