IBIO vs QQQ: Correlation
Measured on weekly returns over the past three years, iBio, Inc. (IBIO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBIO and QQQ?
Across a 3-year window, the weekly returns of IBIO and QQQ correlate at 0.04, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.24) runs above the 3-year figure (0.04). Stretching to 5 years gives 0.08, with an annualized covariance of 152.2 %².
Out of 13 assets tracked against IBIO, QQQ lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with IBIO ahead by 46.5 points (+72.8% versus +26.3%). Note the risk asymmetry: IBIO runs 10.0 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.
IBIO vs QQQ: side by side
| IBIO (iBio, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +72.8% | +26.3% |
| 5-year return | -99.8% | +95.4% |
| Volatility (ann.) | 196.4% | 19.6% |
| Beta vs S&P 500 | 1.36 | 1.28 |
| Max drawdown (3Y) | -92.9% | -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 | IBIO | QQQ |
|---|---|---|
| 2022 | -96.8% | -32.6% |
| 2023 | -84.4% | +54.9% |
| 2024 | +78.8% | +25.6% |
| 2025 | -21.2% | +20.8% |
| 2026 | -27.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBIO and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between IBIO and QQQ?
The IBIO/QQQ correlation stands at 0.04 on a 3-year window (1 year: 0.24, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IBIO?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
What does a correlation of 0.04 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: IBIO correlations · QQQ correlations
