GUTS vs QQQ: Correlation
Measured on weekly returns over the past three years, Fractyl Health, Inc. (GUTS) 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 GUTS and QQQ?
Across a 3-year window, the weekly returns of GUTS and QQQ correlate at 0.19, weak. The relationship has been stable: the 1-year correlation (0.22) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 405.6 %².
Out of 10 assets tracked against GUTS, QQQ lands near the bottom at #6. The last year tells two different stories: QQQ led by 51.4 percentage points, -25.1% for GUTS against +26.3% for QQQ. One caveat on sizing: GUTS is 5.5 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.
GUTS vs QQQ: side by side
| GUTS (Fractyl Health, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -25.1% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 108.3% | 19.6% |
| Beta vs S&P 500 | 1.43 | 1.28 |
| Max drawdown (3Y) | -96.9% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| 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 | GUTS | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +6.8% | +20.8% |
| 2026 | -66.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GUTS 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 GUTS and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.22 over the last year and n/a over 5 years.
Is QQQ a good diversifier for GUTS?
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/guts-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/guts-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GUTS correlations · QQQ correlations
