IBP vs QQQ: Correlation
Measured on weekly returns over the past three years, Installed Building Products, Inc. (IBP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBP and QQQ?
Across a 3-year window, the weekly returns of IBP and QQQ correlate at 0.25, weak. Lately the two have drifted apart, with the 1-year correlation at -0.02 versus 0.25 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 228.8 %².
Among the 17 assets we track against IBP, QQQ sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with QQQ ahead by 35.6 points (-9.3% versus +26.3%). Risk is not evenly split, since IBP carries 2.3 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.
IBP vs QQQ: side by side
| IBP (Installed Building Products, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.3% | +26.3% |
| 5-year return | +107.4% | +95.4% |
| Volatility (ann.) | 45.9% | 19.6% |
| Beta vs S&P 500 | 1.13 | 1.28 |
| Max drawdown (3Y) | -42.7% | -22.8% |
| Market cap | $6.4B | – |
| P/E (trailing) | 26.5 | – |
| Dividend yield | 0.62% | 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 | IBP | QQQ |
|---|---|---|
| 2022 | -37.3% | -32.6% |
| 2023 | +117.6% | +54.9% |
| 2024 | -2.9% | +25.6% |
| 2025 | +50.6% | +20.8% |
| 2026 | -6.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBP and QQQ good diversifiers for each other?
Reasonably. At 0.25, IBP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IBP and QQQ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with -0.02 over the last year and 0.37 over 5 years.
Is QQQ a good diversifier for IBP?
Reasonably. At 0.25, IBP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 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.
Use this data
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ibp-vs-qqq/)
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Related comparisons
Hubs: IBP correlations · QQQ correlations
