GTEC vs QQQ: Correlation
Measured on weekly returns over the past three years, Greenland Technologies Holding Corporation - Class A (GTEC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTEC and QQQ?
On 3 years of weekly data the GTEC/QQQ correlation comes out at 0.22, weak. Recent behaviour matches the longer record: 0.13 over 1 year against 0.22 over 3. The 5-year figure is 0.27, and annualized covariance runs at 407.3 %².
Out of 10 assets tracked against GTEC, QQQ lands near the bottom at #6. Correlation aside, the last 12 months split them widely, with QQQ ahead by 67.1 points (-40.8% versus +26.3%). One caveat on sizing: GTEC is 4.8 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.
GTEC vs QQQ: side by side
| GTEC (Greenland Technologies Holding Corporation - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -40.8% | +26.3% |
| 5-year return | -87.4% | +95.4% |
| Volatility (ann.) | 94.1% | 19.6% |
| Beta vs S&P 500 | 1.39 | 1.28 |
| Max drawdown (3Y) | -89.7% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 1.4 | – |
| 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 | GTEC | QQQ |
|---|---|---|
| 2022 | -66.1% | -32.6% |
| 2023 | +28.0% | +54.9% |
| 2024 | -30.5% | +25.6% |
| 2025 | -68.4% | +20.8% |
| 2026 | +37.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTEC and QQQ good diversifiers for each other?
Reasonably. At 0.22, GTEC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GTEC and QQQ?
The GTEC/QQQ correlation stands at 0.22 on a 3-year window (1 year: 0.13, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GTEC?
Reasonably. At 0.22, GTEC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: GTEC correlations · QQQ correlations
