GTY vs QQQ: Correlation
How closely do Getty Realty Corporation (GTY) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.06, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTY and QQQ?
Across a 3-year window, the weekly returns of GTY and QQQ correlate at -0.06, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.18) than the 3-year average (-0.06). Stretching to 5 years gives 0.20, with an annualized covariance of -20.3 %².
QQQ is close to the least connected end of GTY's tracked universe, ranking #16 of 19. Twelve-month performance is nearly a tie, at +23.2% for GTY and +26.3% for QQQ.
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.
GTY vs QQQ: side by side
| GTY (Getty Realty Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +23.2% | +26.3% |
| 5-year return | +40.7% | +95.4% |
| Volatility (ann.) | 18.8% | 19.6% |
| Beta vs S&P 500 | 0.13 | 1.28 |
| Max drawdown (3Y) | -17.9% | -22.8% |
| Market cap | $2.0B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 5.79% | 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 | GTY | QQQ |
|---|---|---|
| 2022 | +11.7% | -32.6% |
| 2023 | -8.8% | +54.9% |
| 2024 | +9.9% | +25.6% |
| 2025 | -2.9% | +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 GTY and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.06 means the two rarely move for the same reasons.
FAQ
What is the correlation between GTY and QQQ?
As of 2026-08-27, the correlation of weekly returns between GTY and QQQ is -0.06 over 3 years, -0.18 over 1 year and 0.20 over 5 years.
Is QQQ a good diversifier for GTY?
By historical standards, yes. A correlation of -0.06 means the two rarely move for the same reasons.
What does a correlation of -0.06 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.
Use this data
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Related comparisons
Hubs: GTY correlations · QQQ correlations
