GWRS vs QQQ: Correlation
Global Water Resources, Inc. (GWRS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GWRS and QQQ?
Over the past 3 years, GWRS and QQQ moved with a correlation of 0.23, which is weak. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.23). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 127.4 %².
Out of 11 assets tracked against GWRS, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 27.9 points (-1.6% versus +26.3%).
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.
GWRS vs QQQ: side by side
| GWRS (Global Water Resources, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.6% | +26.3% |
| 5-year return | -47.4% | +95.4% |
| Volatility (ann.) | 28.4% | 19.6% |
| Beta vs S&P 500 | 0.67 | 1.28 |
| Max drawdown (3Y) | -48.4% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 83.4 | – |
| Dividend yield | 3.28% | 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 | GWRS | QQQ |
|---|---|---|
| 2022 | -20.7% | -32.6% |
| 2023 | +1.0% | +54.9% |
| 2024 | -10.0% | +25.6% |
| 2025 | -24.4% | +20.8% |
| 2026 | +11.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GWRS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GWRS and QQQ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.10 over the last year and 0.31 over 5 years.
Is QQQ a good diversifier for GWRS?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 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/gwrs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gwrs-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GWRS correlations · QQQ correlations
