IHRT vs QQQ: Correlation
iHeartMedia, Inc. (IHRT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHRT and QQQ?
Over the past 3 years, IHRT and QQQ moved with a correlation of 0.19, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.06 versus 0.19 over 3 years. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 358.5 %².
Among the 10 assets we track against IHRT, QQQ sits near the bottom by co-movement, at rank #7. The trailing year gives QQQ the advantage: +20.6% versus +26.3%, a 5.7-point spread. Risk is not evenly split, since IHRT carries 5.0 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.
IHRT vs QQQ: side by side
| IHRT (iHeartMedia, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +20.6% | +26.3% |
| 5-year return | -89.2% | +95.4% |
| Volatility (ann.) | 97.6% | 19.6% |
| Beta vs S&P 500 | 1.73 | 1.28 |
| Max drawdown (3Y) | -77.2% | -22.8% |
| Market cap | $0.4B | – |
| 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 | IHRT | QQQ |
|---|---|---|
| 2022 | -70.9% | -32.6% |
| 2023 | -56.4% | +54.9% |
| 2024 | -25.8% | +25.6% |
| 2025 | +110.1% | +20.8% |
| 2026 | -35.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHRT and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IHRT and QQQ?
The IHRT/QQQ correlation stands at 0.19 on a 3-year window (1 year: 0.06, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IHRT?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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/ihrt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ihrt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IHRT correlations · QQQ correlations
