IFS vs QQQ: Correlation
How closely do Intercorp Financial Services Inc. (IFS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IFS and QQQ?
Across a 3-year window, the weekly returns of IFS and QQQ correlate at 0.21, weak. The relationship has been stable: the 1-year correlation (0.22) sits close to the 3-year figure. Stretching to 5 years gives 0.21, with an annualized covariance of 124.6 %².
QQQ is close to the least connected end of IFS's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with IFS ahead by 16.9 points (+43.2% versus +26.3%). Note the risk asymmetry: IFS runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
IFS vs QQQ: side by side
| IFS (Intercorp Financial Services Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +43.2% | +26.3% |
| 5-year return | +212.7% | +95.4% |
| Volatility (ann.) | 30.7% | 19.6% |
| Beta vs S&P 500 | 0.52 | 1.28 |
| Max drawdown (3Y) | -26.8% | -22.8% |
| Market cap | $6.0B | – |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 11.04% | 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 | IFS | QQQ |
|---|---|---|
| 2022 | -5.4% | -32.6% |
| 2023 | -1.5% | +54.9% |
| 2024 | +39.9% | +25.6% |
| 2025 | +49.0% | +20.8% |
| 2026 | +33.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IFS and QQQ good diversifiers for each other?
Reasonably. At 0.21, IFS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IFS and QQQ?
The IFS/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.22, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IFS?
Reasonably. At 0.21, IFS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/ifs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ifs-vs-qqq/)
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Related comparisons
Hubs: IFS correlations · QQQ correlations
