GSAT vs QQQ: Correlation
How closely do Globalstar, Inc. (GSAT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSAT and QQQ?
On 3 years of weekly data the GSAT/QQQ correlation comes out at 0.28, weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.28 over 3. The 5-year figure is 0.31, and annualized covariance runs at 358.2 %².
Out of 11 assets tracked against GSAT, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with GSAT ahead by 164.7 points (+191.0% versus +26.3%). Risk is not evenly split, since GSAT carries 3.3 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.
GSAT vs QQQ: side by side
| GSAT (Globalstar, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +191.0% | +26.3% |
| 5-year return | +132.8% | +95.4% |
| Volatility (ann.) | 65.0% | 19.6% |
| Beta vs S&P 500 | 1.38 | 1.28 |
| Max drawdown (3Y) | -50.7% | -22.8% |
| Market cap | $10.6B | – |
| 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 | GSAT | QQQ |
|---|---|---|
| 2022 | +14.7% | -32.6% |
| 2023 | +45.9% | +54.9% |
| 2024 | +6.7% | +25.6% |
| 2025 | +96.6% | +20.8% |
| 2026 | +34.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSAT and QQQ good diversifiers for each other?
Reasonably. At 0.28, GSAT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GSAT and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.23 over the last year and 0.31 over 5 years.
Is QQQ a good diversifier for GSAT?
Reasonably. At 0.28, GSAT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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
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Related comparisons
Hubs: GSAT correlations · QQQ correlations
