GYRO vs QQQ: Correlation
Gyrodyne , LLC (GYRO) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GYRO and QQQ?
On 3 years of weekly data the GYRO/QQQ correlation comes out at 0.06, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.18) than the 3-year average (0.06). The 5-year figure is 0.01, and annualized covariance runs at 45.2 %².
QQQ is close to the least connected end of GYRO's tracked universe, ranking #7 of 11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 77.7 percentage points (-51.4% for GYRO against +26.3% for QQQ). Note the risk asymmetry: GYRO runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GYRO vs QQQ: side by side
| GYRO (Gyrodyne , LLC) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -51.4% | +26.3% |
| 5-year return | -60.8% | +95.4% |
| Volatility (ann.) | 40.0% | 19.6% |
| Beta vs S&P 500 | 0.20 | 1.28 |
| Max drawdown (3Y) | -54.2% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 43.3 | – |
| 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 | GYRO | QQQ |
|---|---|---|
| 2022 | -29.6% | -32.6% |
| 2023 | +23.5% | +54.9% |
| 2024 | -9.8% | +25.6% |
| 2025 | +2.4% | +20.8% |
| 2026 | -43.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GYRO and QQQ good diversifiers for each other?
Yes. With a correlation of 0.06, GYRO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GYRO and QQQ?
The GYRO/QQQ correlation stands at 0.06 on a 3-year window (1 year: 0.18, 5 years: 0.01), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GYRO?
Yes. With a correlation of 0.06, GYRO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.06 mean?
A reading of 0.06 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: GYRO correlations · QQQ correlations
