GRML vs QQQ: Correlation
Greenland Mines Ltd (GRML) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRML and QQQ?
Across a 3-year window, the weekly returns of GRML and QQQ correlate at 0.03, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.04 over 1 year against 0.03 over 3. Stretching to 5 years gives 0.02, with an annualized covariance of 778.8 %².
Among the 10 assets we track against GRML, QQQ sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with GRML ahead by 594.2 points (+620.5% versus +26.3%). Risk is not evenly split, since GRML carries 76.3 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.
GRML vs QQQ: side by side
| GRML (Greenland Mines Ltd) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +620.5% | +26.3% |
| 5-year return | -46.8% | +95.4% |
| Volatility (ann.) | 1495.4% | 19.6% |
| Beta vs S&P 500 | 2.17 | 1.28 |
| Max drawdown (3Y) | -99.0% | -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 | GRML | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +6.3% | +54.9% |
| 2024 | -95.5% | +25.6% |
| 2025 | -40.4% | +20.8% |
| 2026 | +1720.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRML and QQQ good diversifiers for each other?
Yes. With a correlation of 0.03, GRML and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GRML and QQQ?
As of 2026-08-27, the correlation of weekly returns between GRML and QQQ is 0.03 over 3 years, 0.04 over 1 year and 0.02 over 5 years.
Is QQQ a good diversifier for GRML?
Yes. With a correlation of 0.03, GRML and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.03 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.
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Related comparisons
Hubs: GRML correlations · QQQ correlations
