GUT vs QQQ: Correlation
Measured on weekly returns over the past three years, Gabelli Utility Trust (The) (GUT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GUT and QQQ?
On 3 years of weekly data the GUT/QQQ correlation comes out at 0.19, weak. The link has tightened recently: the 1-year correlation (0.33) runs above the 3-year figure (0.19). The 5-year figure is 0.28, and annualized covariance runs at 77.9 %².
By 3-year correlation, QQQ places #7 of the 14 assets tracked against GUT. The trailing year gives QQQ the advantage: +18.5% versus +26.3%, a 7.8-point spread.
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.
GUT vs QQQ: side by side
| GUT (Gabelli Utility Trust (The)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.5% | +26.3% |
| 5-year return | +29.5% | +95.4% |
| Volatility (ann.) | 21.5% | 19.6% |
| Beta vs S&P 500 | 0.37 | 1.28 |
| Max drawdown (3Y) | -28.7% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 9.39% | 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 | GUT | QQQ |
|---|---|---|
| 2022 | -1.1% | -32.6% |
| 2023 | -21.1% | +54.9% |
| 2024 | +6.0% | +25.6% |
| 2025 | +33.1% | +20.8% |
| 2026 | +13.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GUT and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GUT and QQQ?
The GUT/QQQ correlation stands at 0.19 on a 3-year window (1 year: 0.33, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GUT?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 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
$ curl https://www.pairbook.io/api/v1/pairs/gut-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gut-vs-qqq/)
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Related comparisons
Hubs: GUT correlations · QQQ correlations
