IDE vs QQQ: Correlation
How closely do Voya Infrastructure, Industrials and Materials Fund (IDE) and Invesco QQQ Trust (QQQ) 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 IDE and QQQ?
Across a 3-year window, the weekly returns of IDE and QQQ correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 182.2 %².
Within IDE's tracked universe of 13 assets, QQQ comes in at #7 by 3-year correlation. The trailing year gives QQQ the advantage: +17.0% versus +26.3%, a 9.3-point spread.
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.
IDE vs QQQ: side by side
| IDE (Voya Infrastructure, Industrials and Materials Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.0% | +26.3% |
| 5-year return | +66.9% | +95.4% |
| Volatility (ann.) | 16.3% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -18.3% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 3.2 | – |
| 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 | IDE | QQQ |
|---|---|---|
| 2022 | -16.5% | -32.6% |
| 2023 | +22.0% | +54.9% |
| 2024 | +10.9% | +25.6% |
| 2025 | +34.6% | +20.8% |
| 2026 | +13.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDE and QQQ 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 IDE and QQQ?
The IDE/QQQ correlation stands at 0.57 on a 3-year window (1 year: 0.47, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IDE?
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?
On the −1 to +1 scale, 0.57 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/ide-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ide-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IDE correlations · QQQ correlations
