IBTA vs QQQ: Correlation
How closely do Ibotta, Inc. (IBTA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBTA and QQQ?
On 3 years of weekly data the IBTA/QQQ correlation comes out at 0.29, weak. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 460.4 %².
Among the 19 assets we track against IBTA, QQQ sits near the bottom by co-movement, at rank #15. The last year tells two different stories: IBTA led by 16.0 percentage points, +42.3% for IBTA against +26.3% for QQQ. One caveat on sizing: IBTA is 4.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IBTA vs QQQ: side by side
| IBTA (Ibotta, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +42.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 79.0% | 19.6% |
| Beta vs S&P 500 | 1.45 | 1.28 |
| Max drawdown (3Y) | -82.5% | -22.8% |
| Market cap | $0.8B | – |
| 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 | IBTA | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -65.1% | +20.8% |
| 2026 | +60.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBTA and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IBTA and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.31 over the last year and n/a over 5 years.
Is QQQ a good diversifier for IBTA?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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
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Related comparisons
Hubs: IBTA correlations · QQQ correlations
