IBKR vs QQQM: Correlation
How closely do Interactive Brokers (IBKR) and Invesco Nasdaq 100 ETF (QQQM) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBKR and QQQM?
Across a 3-year window, the weekly returns of IBKR and QQQM correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 374.1 %².
By 3-year correlation, QQQM places #11 of the 32 assets tracked against IBKR. Their recent paths diverged sharply: over the last 12 months IBKR outperformed by 30.6 percentage points (+57.0% for IBKR against +26.4% for QQQM). This link changes with the market regime, having swung between 0.08 and 0.78 on a rolling one-year basis. Note the risk asymmetry: IBKR runs 1.7 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.
IBKR vs QQQM: side by side
| IBKR (Interactive Brokers) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +57.0% | +26.4% |
| 5-year return | +516.0% | +96.1% |
| Volatility (ann.) | 33.9% | 19.5% |
| Beta vs S&P 500 | 1.37 | 1.28 |
| Max drawdown (3Y) | -38.7% | -22.7% |
| Market cap | $164.5B | – |
| P/E (trailing) | 38.5 | – |
| Dividend yield | 0.34% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Financials | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | IBKR | QQQM |
|---|---|---|
| 2022 | -8.4% | -32.5% |
| 2023 | +15.1% | +55.0% |
| 2024 | +114.4% | +25.7% |
| 2025 | +46.4% | +20.9% |
| 2026 | +50.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBKR and QQQM good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IBKR and QQQM?
The IBKR/QQQM correlation stands at 0.57 on a 3-year window (1 year: 0.58, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is QQQM a good diversifier for IBKR?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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: IBKR correlations · QQQM correlations
