JGH vs QQQ: Correlation
How closely do Nuveen Global High Income Fund (JGH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JGH and QQQ?
On 3 years of weekly data the JGH/QQQ correlation comes out at 0.50, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.50 over 3 years. The 5-year figure is 0.55, and annualized covariance runs at 124.0 %².
QQQ is close to the least connected end of JGH's tracked universe, ranking #10 of 14. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 25.0 percentage points (+1.3% for JGH against +26.3% for QQQ). Risk is not evenly split, since QQQ carries 1.5 times the volatility of the other side.
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.
JGH vs QQQ: side by side
| JGH (Nuveen Global High Income Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.3% | +26.3% |
| 5-year return | +26.7% | +95.4% |
| Volatility (ann.) | 12.7% | 19.6% |
| Beta vs S&P 500 | 0.51 | 1.28 |
| Max drawdown (3Y) | -13.7% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 10.5 | – |
| 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 | JGH | QQQ |
|---|---|---|
| 2022 | -21.0% | -32.6% |
| 2023 | +20.9% | +54.9% |
| 2024 | +16.0% | +25.6% |
| 2025 | +8.2% | +20.8% |
| 2026 | +5.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JGH and QQQ good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JGH and QQQ?
The JGH/QQQ correlation stands at 0.50 on a 3-year window (1 year: 0.65, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for JGH?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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
$ curl https://www.pairbook.io/api/v1/pairs/jgh-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jgh-vs-qqq/)
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Related comparisons
Hubs: JGH correlations · QQQ correlations
