KGC vs QQQ: Correlation
Measured on weekly returns over the past three years, Kinross Gold Corporation (KGC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KGC and QQQ?
Across a 3-year window, the weekly returns of KGC and QQQ correlate at 0.27, weak. Recent behaviour matches the longer record: 0.37 over 1 year against 0.27 over 3. Stretching to 5 years gives 0.29, with an annualized covariance of 248.4 %².
Among the 21 assets we track against KGC, QQQ sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months KGC outperformed by 35.2 percentage points (+61.5% for KGC against +26.3% for QQQ). One caveat on sizing: KGC is 2.4 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.
KGC vs QQQ: side by side
| KGC (Kinross Gold Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +61.5% | +26.3% |
| 5-year return | +495.9% | +95.4% |
| Volatility (ann.) | 47.3% | 19.6% |
| Beta vs S&P 500 | 0.97 | 1.28 |
| Max drawdown (3Y) | -40.7% | -22.8% |
| Market cap | $38.6B | – |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 0.48% | 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 | KGC | QQQ |
|---|---|---|
| 2022 | -27.6% | -32.6% |
| 2023 | +51.8% | +54.9% |
| 2024 | +55.6% | +25.6% |
| 2025 | +205.7% | +20.8% |
| 2026 | +15.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KGC and QQQ good diversifiers for each other?
Reasonably. At 0.27, KGC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KGC and QQQ?
The KGC/QQQ correlation stands at 0.27 on a 3-year window (1 year: 0.37, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KGC?
Reasonably. At 0.27, KGC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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: KGC correlations · QQQ correlations
