IHT vs QQQ: Correlation
InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IHT and QQQ?
On 3 years of weekly data the IHT/QQQ correlation comes out at 0.03, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.23) than the 3-year average (0.03). The 5-year figure is -0.01, and annualized covariance runs at 28.1 %².
Among the 20 assets we track against IHT, QQQ ranks #6 by 3-year correlation. The last year tells two different stories: QQQ led by 60.1 percentage points, -33.8% for IHT against +26.3% for QQQ. Risk is not evenly split, since IHT carries 2.8 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.
IHT vs QQQ: side by side
| IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -33.8% | +26.3% |
| 5-year return | -63.6% | +95.4% |
| Volatility (ann.) | 55.0% | 19.6% |
| Beta vs S&P 500 | 0.07 | 1.28 |
| Max drawdown (3Y) | -69.6% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.44% | 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 | IHT | QQQ |
|---|---|---|
| 2022 | -22.9% | -32.6% |
| 2023 | +2.3% | +54.9% |
| 2024 | +29.5% | +25.6% |
| 2025 | -37.4% | +20.8% |
| 2026 | -3.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IHT and QQQ good diversifiers for each other?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IHT and QQQ?
As of 2026-08-27, the correlation of weekly returns between IHT and QQQ is 0.03 over 3 years, 0.23 over 1 year and -0.01 over 5 years.
Is QQQ a good diversifier for IHT?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.03 mean?
On the −1 to +1 scale, 0.03 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/iht-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iht-vs-qqq/)
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Related comparisons
Hubs: IHT correlations · QQQ correlations
