ICCC vs QQQ: Correlation
ImmuCell Corporation (ICCC) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICCC and QQQ?
On 3 years of weekly data the ICCC/QQQ correlation comes out at 0.01, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.12 versus 0.01 over 3 years. The 5-year figure is 0.03, and annualized covariance runs at 9.5 %².
Among the 13 assets we track against ICCC, QQQ ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ICCC ahead by 38.0 points (+64.3% versus +26.3%). One caveat on sizing: ICCC is 2.3 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.
ICCC vs QQQ: side by side
| ICCC (ImmuCell Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +64.3% | +26.3% |
| 5-year return | +10.8% | +95.4% |
| Volatility (ann.) | 45.2% | 19.6% |
| Beta vs S&P 500 | 0.01 | 1.28 |
| Max drawdown (3Y) | -40.0% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 143.1 | – |
| 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 | ICCC | QQQ |
|---|---|---|
| 2022 | -23.8% | -32.6% |
| 2023 | -16.6% | +54.9% |
| 2024 | +1.2% | +25.6% |
| 2025 | +19.4% | +20.8% |
| 2026 | +62.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICCC and QQQ good diversifiers for each other?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ICCC and QQQ?
As of 2026-08-27, the correlation of weekly returns between ICCC and QQQ is 0.01 over 3 years, 0.12 over 1 year and 0.03 over 5 years.
Is QQQ a good diversifier for ICCC?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.01 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: ICCC correlations · QQQ correlations
