IAUX vs QQQ: Correlation
i-80 Gold Corp. (IAUX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAUX and QQQ?
Over the past 3 years, IAUX and QQQ moved with a correlation of 0.28, which is weak. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 500.0 %².
By 3-year correlation, QQQ places #10 of the 15 assets tracked against IAUX. Their recent paths diverged sharply: over the last 12 months IAUX outperformed by 126.0 percentage points (+152.3% for IAUX against +26.3% for QQQ). Risk is not evenly split, since IAUX carries 4.7 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.
IAUX vs QQQ: side by side
| IAUX (i-80 Gold Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +152.3% | +26.3% |
| 5-year return | -7.4% | +95.4% |
| Volatility (ann.) | 91.2% | 19.6% |
| Beta vs S&P 500 | 1.99 | 1.28 |
| Max drawdown (3Y) | -82.6% | -22.8% |
| Market cap | $1.7B | – |
| 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 | IAUX | QQQ |
|---|---|---|
| 2022 | +15.0% | -32.6% |
| 2023 | -37.6% | +54.9% |
| 2024 | -72.4% | +25.6% |
| 2025 | +201.0% | +20.8% |
| 2026 | +31.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAUX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IAUX and QQQ?
The IAUX/QQQ correlation stands at 0.28 on a 3-year window (1 year: 0.36, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IAUX?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 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.
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Related comparisons
Hubs: IAUX correlations · QQQ correlations
