IDYA vs QQQ: Correlation
How closely do IDEAYA Biosciences, Inc. (IDYA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDYA and QQQ?
Over the past 3 years, IDYA and QQQ moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.39). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 346.1 %².
QQQ is close to the least connected end of IDYA's tracked universe, ranking #19 of 23. Their recent paths diverged sharply: over the last 12 months IDYA outperformed by 40.8 percentage points (+67.1% for IDYA against +26.3% for QQQ). Risk is not evenly split, since IDYA 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.
IDYA vs QQQ: side by side
| IDYA (IDEAYA Biosciences, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +67.1% | +26.3% |
| 5-year return | +82.5% | +95.4% |
| Volatility (ann.) | 45.3% | 19.6% |
| Beta vs S&P 500 | 1.37 | 1.28 |
| Max drawdown (3Y) | -69.2% | -22.8% |
| Market cap | $4.0B | – |
| 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 | IDYA | QQQ |
|---|---|---|
| 2022 | -23.1% | -32.6% |
| 2023 | +95.8% | +54.9% |
| 2024 | -27.8% | +25.6% |
| 2025 | +34.5% | +20.8% |
| 2026 | +20.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDYA and QQQ good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IDYA and QQQ?
The IDYA/QQQ correlation stands at 0.39 on a 3-year window (1 year: 0.20, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IDYA?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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
$ curl https://www.pairbook.io/api/v1/pairs/idya-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/idya-vs-qqq/)
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Related comparisons
Hubs: IDYA correlations · QQQ correlations
