IHD vs QQQ: Correlation
Measured on weekly returns over the past three years, Voya Emerging Markets High Income Dividend Equity Fund (IHD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHD and QQQ?
Across a 3-year window, the weekly returns of IHD and QQQ correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 174.7 %².
By 3-year correlation, QQQ places #8 of the 13 assets tracked against IHD. Their recent paths diverged sharply: over the last 12 months IHD outperformed by 15.9 percentage points (+42.2% for IHD against +26.3% for QQQ).
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.
IHD vs QQQ: side by side
| IHD (Voya Emerging Markets High Income Dividend Equity Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +42.2% | +26.3% |
| 5-year return | +78.4% | +95.4% |
| Volatility (ann.) | 16.6% | 19.6% |
| Beta vs S&P 500 | 0.65 | 1.28 |
| Max drawdown (3Y) | -14.3% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 3.1 | – |
| 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 | IHD | QQQ |
|---|---|---|
| 2022 | -17.2% | -32.6% |
| 2023 | +13.9% | +54.9% |
| 2024 | +6.7% | +25.6% |
| 2025 | +40.3% | +20.8% |
| 2026 | +29.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHD and QQQ good diversifiers for each other?
Only partially. A correlation of 0.54 means IHD and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IHD and QQQ?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.48 over the last year and 0.52 over 5 years.
Is QQQ a good diversifier for IHD?
Only partially. A correlation of 0.54 means IHD and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ihd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ihd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IHD correlations · QQQ correlations
