GTIM vs QQQ: Correlation
How closely do Good Times Restaurants Inc. (GTIM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTIM and QQQ?
Over the past 3 years, GTIM and QQQ moved with a correlation of 0.18, which is weak. Little has changed lately, as the 1-year reading of 0.11 lands near the 3-year figure. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 145.7 %².
Among the 11 assets we track against GTIM, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 38.6 points (-12.3% versus +26.3%). Note the risk asymmetry: GTIM runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GTIM vs QQQ: side by side
| GTIM (Good Times Restaurants Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -12.3% | +26.3% |
| 5-year return | -71.4% | +95.4% |
| Volatility (ann.) | 41.7% | 19.6% |
| Beta vs S&P 500 | 0.69 | 1.28 |
| Max drawdown (3Y) | -65.3% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 7.1 | – |
| 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 | GTIM | QQQ |
|---|---|---|
| 2022 | -48.4% | -32.6% |
| 2023 | +13.4% | +54.9% |
| 2024 | +2.0% | +25.6% |
| 2025 | -53.3% | +20.8% |
| 2026 | +24.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTIM and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, GTIM and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GTIM and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.11 over the last year and 0.20 over 5 years.
Is QQQ a good diversifier for GTIM?
Yes. With a correlation of 0.18, GTIM and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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/gtim-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gtim-vs-qqq/)
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Related comparisons
Hubs: GTIM correlations · QQQ correlations
