GTX vs QQQ: Correlation
Garrett Motion Inc. (GTX) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTX and QQQ?
On 3 years of weekly data the GTX/QQQ correlation comes out at 0.31, moderate. The relationship has been stable: the 1-year correlation (0.23) sits close to the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 264.6 %².
Out of 10 assets tracked against GTX, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months GTX outperformed by 85.3 percentage points (+111.6% for GTX against +26.3% for QQQ). Risk is not evenly split, since GTX carries 2.2 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.
GTX vs QQQ: side by side
| GTX (Garrett Motion Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +111.6% | +26.3% |
| 5-year return | +313.6% | +95.4% |
| Volatility (ann.) | 43.0% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -28.7% | -22.8% |
| Market cap | $5.1B | – |
| P/E (trailing) | 14.8 | – |
| Dividend yield | 1.11% | 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 | GTX | QQQ |
|---|---|---|
| 2022 | -5.1% | -32.6% |
| 2023 | +26.9% | +54.9% |
| 2024 | -6.6% | +25.6% |
| 2025 | +97.2% | +20.8% |
| 2026 | +58.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GTX and QQQ?
As of 2026-08-27, the correlation of weekly returns between GTX and QQQ is 0.31 over 3 years, 0.23 over 1 year and 0.26 over 5 years.
Is QQQ a good diversifier for GTX?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/gtx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gtx-vs-qqq/)
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Related comparisons
Hubs: GTX correlations · QQQ correlations
