IGC vs QQQ: Correlation
How closely do IGC Pharma, Inc. (IGC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGC and QQQ?
Over the past 3 years, IGC and QQQ moved with a correlation of 0.12, which is weak. The past 12 months show a tighter link (0.28) than the 3-year average (0.12). Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 152.3 %².
QQQ is close to the least connected end of IGC's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 52.1 percentage points (-25.8% for IGC against +26.3% for QQQ). One caveat on sizing: IGC is 3.4 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.
IGC vs QQQ: side by side
| IGC (IGC Pharma, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -25.8% | +26.3% |
| 5-year return | -79.0% | +95.4% |
| Volatility (ann.) | 67.5% | 19.6% |
| Beta vs S&P 500 | 0.66 | 1.28 |
| Max drawdown (3Y) | -65.2% | -22.8% |
| Market cap | – | – |
| 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 | IGC | QQQ |
|---|---|---|
| 2022 | -67.3% | -32.6% |
| 2023 | -12.5% | +54.9% |
| 2024 | +21.4% | +25.6% |
| 2025 | -17.6% | +20.8% |
| 2026 | +19.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGC and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IGC and QQQ?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.28 over the last year and 0.15 over 5 years.
Is QQQ a good diversifier for IGC?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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/igc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/igc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IGC correlations · QQQ correlations
