GSIT vs QQQ: Correlation
Measured on weekly returns over the past three years, GSI Technology, Inc. (GSIT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSIT and QQQ?
On 3 years of weekly data the GSIT/QQQ correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 862.9 %².
Out of 11 assets tracked against GSIT, QQQ lands near the bottom at #8. The last year tells two different stories: GSIT led by 71.0 percentage points, +97.3% for GSIT against +26.3% for QQQ. Risk is not evenly split, since GSIT carries 5.6 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.
GSIT vs QQQ: side by side
| GSIT (GSI Technology, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +97.3% | +26.3% |
| 5-year return | +5.1% | +95.4% |
| Volatility (ann.) | 109.2% | 19.6% |
| Beta vs S&P 500 | 3.12 | 1.28 |
| Max drawdown (3Y) | -66.7% | -22.8% |
| Market cap | $0.2B | – |
| 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 | GSIT | QQQ |
|---|---|---|
| 2022 | -62.6% | -32.6% |
| 2023 | +52.6% | +54.9% |
| 2024 | +14.8% | +25.6% |
| 2025 | +105.0% | +20.8% |
| 2026 | -4.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSIT and QQQ good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GSIT and QQQ?
The GSIT/QQQ correlation stands at 0.40 on a 3-year window (1 year: 0.50, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GSIT?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GSIT correlations · QQQ correlations
