ILPT vs QQQ: Correlation
Measured on weekly returns over the past three years, Industrial Logistics Properties Trust (ILPT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ILPT and QQQ?
On 3 years of weekly data the ILPT/QQQ correlation comes out at 0.19, weak. Recent behaviour matches the longer record: 0.28 over 1 year against 0.19 over 3. The 5-year figure is 0.27, and annualized covariance runs at 217.0 %².
QQQ is close to the least connected end of ILPT's tracked universe, ranking #10 of 13. Their recent paths diverged sharply: over the last 12 months ILPT outperformed by 17.1 percentage points (+43.4% for ILPT against +26.3% for QQQ). Note the risk asymmetry: ILPT runs 3.0 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.
ILPT vs QQQ: side by side
| ILPT (Industrial Logistics Properties Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +43.4% | +26.3% |
| 5-year return | -65.6% | +95.4% |
| Volatility (ann.) | 59.0% | 19.6% |
| Beta vs S&P 500 | 1.10 | 1.28 |
| Max drawdown (3Y) | -51.1% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.97% | 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 | ILPT | QQQ |
|---|---|---|
| 2022 | -86.5% | -32.6% |
| 2023 | +45.8% | +54.9% |
| 2024 | -21.6% | +25.6% |
| 2025 | +55.5% | +20.8% |
| 2026 | +54.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ILPT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, ILPT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ILPT and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.28 over the last year and 0.27 over 5 years.
Is QQQ a good diversifier for ILPT?
Yes. With a correlation of 0.19, ILPT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ilpt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ilpt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ILPT correlations · QQQ correlations
