IMAX vs QQQ: Correlation
Imax Corporation (IMAX) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMAX and QQQ?
Over the past 3 years, IMAX and QQQ moved with a correlation of 0.01, which is near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.03 over 1 year against 0.01 over 3. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 6.5 %².
QQQ is close to the least connected end of IMAX's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months IMAX outperformed by 53.1 percentage points (+79.4% for IMAX against +26.3% for QQQ). One caveat on sizing: IMAX is 1.9 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.
IMAX vs QQQ: side by side
| IMAX (Imax Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +79.4% | +26.3% |
| 5-year return | +235.1% | +95.4% |
| Volatility (ann.) | 37.2% | 19.6% |
| Beta vs S&P 500 | 0.17 | 1.28 |
| Max drawdown (3Y) | -32.0% | -22.8% |
| Market cap | $2.8B | – |
| P/E (trailing) | 72.1 | – |
| 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 | IMAX | QQQ |
|---|---|---|
| 2022 | -17.8% | -32.6% |
| 2023 | +2.5% | +54.9% |
| 2024 | +70.4% | +25.6% |
| 2025 | +44.4% | +20.8% |
| 2026 | +40.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMAX and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMAX and QQQ?
Using weekly returns as of 2026-08-27: 0.01 over 3 years, with 0.03 over the last year and 0.20 over 5 years.
Is QQQ a good diversifier for IMAX?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
What does a correlation of 0.01 mean?
On the −1 to +1 scale, 0.01 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
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Related comparisons
Hubs: IMAX correlations · QQQ correlations
