GRNT vs QQQ: Correlation
Granite Ridge Resources, Inc. (GRNT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRNT and QQQ?
On 3 years of weekly data the GRNT/QQQ correlation comes out at 0.13, weak. The link has loosened recently: the 1-year correlation (-0.23) runs below the 3-year figure (0.13). The 5-year figure is 0.11, and annualized covariance runs at 102.6 %².
QQQ is close to the least connected end of GRNT's tracked universe, ranking #8 of 11. The last year tells two different stories: QQQ led by 26.7 percentage points, -0.4% for GRNT against +26.3% for QQQ. One caveat on sizing: GRNT is 2.0 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.
GRNT vs QQQ: side by side
| GRNT (Granite Ridge Resources, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -0.4% | +26.3% |
| 5-year return | -31.9% | +95.4% |
| Volatility (ann.) | 39.2% | 19.6% |
| Beta vs S&P 500 | 0.55 | 1.28 |
| Max drawdown (3Y) | -36.8% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.80% | 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 | GRNT | QQQ |
|---|---|---|
| 2022 | -7.1% | -32.6% |
| 2023 | -28.5% | +54.9% |
| 2024 | +14.9% | +25.6% |
| 2025 | -21.3% | +20.8% |
| 2026 | +12.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRNT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between GRNT and QQQ?
The GRNT/QQQ correlation stands at 0.13 on a 3-year window (1 year: -0.23, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GRNT?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/grnt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/grnt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRNT correlations · QQQ correlations
