GRRR vs QQQ: Correlation
Gorilla Technology Group Inc. (GRRR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRRR and QQQ?
Over the past 3 years, GRRR and QQQ moved with a correlation of 0.25, which is weak. The past 12 months show a tighter link (0.46) than the 3-year average (0.25). Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is 565.1 %².
QQQ is close to the least connected end of GRRR's tracked universe, ranking #8 of 12. Correlation aside, the last 12 months split them widely, with QQQ ahead by 29.4 points (-3.1% versus +26.3%). One caveat on sizing: GRRR is 6.0 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.
GRRR vs QQQ: side by side
| GRRR (Gorilla Technology Group Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.1% | +26.3% |
| 5-year return | -84.2% | +95.4% |
| Volatility (ann.) | 116.9% | 19.6% |
| Beta vs S&P 500 | 1.92 | 1.28 |
| Max drawdown (3Y) | -85.8% | -22.8% |
| Market cap | $0.4B | – |
| 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 | GRRR | QQQ |
|---|---|---|
| 2022 | -18.9% | -32.6% |
| 2023 | -93.4% | +54.9% |
| 2024 | +235.1% | +25.6% |
| 2025 | -39.5% | +20.8% |
| 2026 | +43.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRRR and QQQ good diversifiers for each other?
Reasonably. At 0.25, GRRR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GRRR and QQQ?
As of 2026-08-27, the correlation of weekly returns between GRRR and QQQ is 0.25 over 3 years, 0.46 over 1 year and 0.06 over 5 years.
Is QQQ a good diversifier for GRRR?
Reasonably. At 0.25, GRRR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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/grrr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/grrr-vs-qqq/)
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Related comparisons
Hubs: GRRR correlations · QQQ correlations
