IFRX vs QQQ: Correlation
Measured on weekly returns over the past three years, InflaRx N.V. (IFRX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IFRX and QQQ?
Over the past 3 years, IFRX and QQQ moved with a correlation of 0.21, which is weak. The past 12 months show a tighter link (0.47) than the 3-year average (0.21). Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 421.7 %².
QQQ is close to the least connected end of IFRX's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with IFRX ahead by 100.7 points (+127.0% versus +26.3%). One caveat on sizing: IFRX is 5.2 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.
IFRX vs QQQ: side by side
| IFRX (InflaRx N.V.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +127.0% | +26.3% |
| 5-year return | -9.2% | +95.4% |
| Volatility (ann.) | 102.6% | 19.6% |
| Beta vs S&P 500 | 1.54 | 1.28 |
| Max drawdown (3Y) | -82.4% | -22.8% |
| Market cap | $0.3B | – |
| 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 | IFRX | QQQ |
|---|---|---|
| 2022 | -34.9% | -32.6% |
| 2023 | -47.4% | +54.9% |
| 2024 | +51.5% | +25.6% |
| 2025 | -59.1% | +20.8% |
| 2026 | +124.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IFRX and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IFRX and QQQ?
The IFRX/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.47, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IFRX?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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/ifrx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ifrx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IFRX correlations · QQQ correlations
