IBN vs QQQ: Correlation
ICICI Bank Limited (IBN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBN and QQQ?
On 3 years of weekly data the IBN/QQQ correlation comes out at 0.27, weak. Recent behaviour matches the longer record: 0.18 over 1 year against 0.27 over 3. The 5-year figure is 0.40, and annualized covariance runs at 108.6 %².
Out of 12 assets tracked against IBN, QQQ lands near the bottom at #8. The last year tells two different stories: QQQ led by 32.1 percentage points, -5.8% for IBN against +26.3% for QQQ.
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.
IBN vs QQQ: side by side
| IBN (ICICI Bank Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.8% | +26.3% |
| 5-year return | +60.9% | +95.4% |
| Volatility (ann.) | 20.2% | 19.6% |
| Beta vs S&P 500 | 0.46 | 1.28 |
| Max drawdown (3Y) | -26.2% | -22.8% |
| Market cap | $107.1B | – |
| P/E (trailing) | 18.7 | – |
| 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 | IBN | QQQ |
|---|---|---|
| 2022 | +11.3% | -32.6% |
| 2023 | +9.8% | +54.9% |
| 2024 | +26.3% | +25.6% |
| 2025 | +0.6% | +20.8% |
| 2026 | +1.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBN and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IBN and QQQ?
The IBN/QQQ correlation stands at 0.27 on a 3-year window (1 year: 0.18, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IBN?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ibn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ibn-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IBN correlations · QQQ correlations
