GTE vs QQQ: Correlation
Gran Tierra Energy Inc. (GTE) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTE and QQQ?
Over the past 3 years, GTE and QQQ moved with a correlation of 0.05, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.09) runs below the 3-year figure (0.05). Over 5 years the correlation is 0.05, and the annualized covariance of weekly returns is 63.8 %².
By 3-year correlation, QQQ places #8 of the 13 assets tracked against GTE. Their recent paths diverged sharply: over the last 12 months GTE outperformed by 116.7 percentage points (+143.0% for GTE against +26.3% for QQQ). One caveat on sizing: GTE is 3.1 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.
GTE vs QQQ: side by side
| GTE (Gran Tierra Energy Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +143.0% | +26.3% |
| 5-year return | +90.8% | +95.4% |
| Volatility (ann.) | 60.6% | 19.6% |
| Beta vs S&P 500 | 0.32 | 1.28 |
| Max drawdown (3Y) | -66.9% | -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 | GTE | QQQ |
|---|---|---|
| 2022 | +30.3% | -32.6% |
| 2023 | -43.0% | +54.9% |
| 2024 | +28.2% | +25.6% |
| 2025 | -41.4% | +20.8% |
| 2026 | +138.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTE and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between GTE and QQQ?
The GTE/QQQ correlation stands at 0.05 on a 3-year window (1 year: -0.09, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GTE?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
What does a correlation of 0.05 mean?
A reading of 0.05 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gte-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gte-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GTE correlations · QQQ correlations
