IBAC vs QQQ: Correlation
Measured on weekly returns over the past three years, IB Acquisition Corp. (IBAC) and Invesco QQQ Trust (QQQ) carry a correlation of -0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBAC and QQQ?
Over the past 3 years, IBAC and QQQ moved with a correlation of -0.01, which is near zero, meaning they move largely independently. The past 12 months show a tighter link (0.14) than the 3-year average (-0.01). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -0.6 %².
By 3-year correlation, QQQ places #6 of the 62 assets tracked against IBAC. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 23.0 percentage points (+3.3% for IBAC against +26.3% for QQQ). Risk is not evenly split, since QQQ carries 9.3 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.
IBAC vs QQQ: side by side
| IBAC (IB Acquisition Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 2.1% | 19.6% |
| Beta vs S&P 500 | -0.00 | 1.28 |
| Max drawdown (3Y) | -3.2% | -22.8% |
| Market cap | $0.1B | – |
| 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 | IBAC | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +3.7% | +20.8% |
| 2026 | +3.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBAC and QQQ good diversifiers for each other?
Yes. With a correlation of -0.01, IBAC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IBAC and QQQ?
The IBAC/QQQ correlation stands at -0.01 on a 3-year window (1 year: 0.14, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IBAC?
Yes. With a correlation of -0.01, IBAC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.01 mean?
A reading of -0.01 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: IBAC correlations · QQQ correlations
