GYRE vs QQQ: Correlation
Gyre Therapeutics, Inc. (GYRE) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GYRE and QQQ?
Across a 3-year window, the weekly returns of GYRE and QQQ correlate at 0.18, weak. Little has changed lately, as the 1-year reading of 0.25 lands near the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 332.1 %².
Among the 11 assets we track against GYRE, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 43.9 points (-17.6% versus +26.3%). One caveat on sizing: GYRE is 4.8 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.
GYRE vs QQQ: side by side
| GYRE (Gyre Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -17.6% | +26.3% |
| 5-year return | -38.8% | +95.4% |
| Volatility (ann.) | 93.7% | 19.6% |
| Beta vs S&P 500 | 1.58 | 1.28 |
| Max drawdown (3Y) | -81.3% | -22.8% |
| Market cap | $0.7B | – |
| 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 | GYRE | QQQ |
|---|---|---|
| 2022 | +121.5% | -32.6% |
| 2023 | +422.0% | +54.9% |
| 2024 | -52.9% | +25.6% |
| 2025 | -41.7% | +20.8% |
| 2026 | -5.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GYRE and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GYRE and QQQ?
As of 2026-08-27, the correlation of weekly returns between GYRE and QQQ is 0.18 over 3 years, 0.25 over 1 year and 0.19 over 5 years.
Is QQQ a good diversifier for GYRE?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 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: GYRE correlations · QQQ correlations
