GVH vs QQQ: Correlation
How closely do Globavend Holdings Limited - Ord Shares (GVH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GVH and QQQ?
Over the past 3 years, GVH and QQQ moved with a correlation of 0.12, which is weak. The past 12 months show a tighter link (0.27) than the 3-year average (0.12). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 365.4 %².
By 3-year correlation, QQQ places #6 of the 15 assets tracked against GVH. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 104.1 percentage points (-77.8% for GVH against +26.3% for QQQ). One caveat on sizing: GVH is 8.3 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.
GVH vs QQQ: side by side
| GVH (Globavend Holdings Limited - Ord Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -77.8% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 162.4% | 19.6% |
| Beta vs S&P 500 | 1.17 | 1.28 |
| Max drawdown (3Y) | -99.8% | -22.8% |
| Market cap | – | – |
| 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 | GVH | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -57.5% | +25.6% |
| 2025 | -98.9% | +20.8% |
| 2026 | -29.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GVH and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
FAQ
What is the correlation between GVH and QQQ?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.27 over the last year and n/a over 5 years.
Is QQQ a good diversifier for GVH?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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/gvh-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gvh-vs-qqq/)
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Related comparisons
Hubs: GVH correlations · QQQ correlations
