IMCC vs QQQ: Correlation
How closely do IM Cannabis Corp. (IMCC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.06, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMCC and QQQ?
Across a 3-year window, the weekly returns of IMCC and QQQ correlate at 0.06, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.18) runs above the 3-year figure (0.06). Stretching to 5 years gives 0.12, with an annualized covariance of 188.4 %².
Among the 14 assets we track against IMCC, QQQ sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 120.5 percentage points (-94.2% for IMCC against +26.3% for QQQ). One caveat on sizing: IMCC is 8.9 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.
IMCC vs QQQ: side by side
| IMCC (IM Cannabis Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -94.2% | +26.3% |
| 5-year return | -99.9% | +95.4% |
| Volatility (ann.) | 174.2% | 19.6% |
| Beta vs S&P 500 | 1.11 | 1.28 |
| Max drawdown (3Y) | -98.4% | -22.8% |
| Market cap | – | – |
| 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 | IMCC | QQQ |
|---|---|---|
| 2022 | -97.1% | -32.6% |
| 2023 | -63.4% | +54.9% |
| 2024 | +8.8% | +25.6% |
| 2025 | -40.4% | +20.8% |
| 2026 | -90.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMCC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMCC and QQQ?
Using weekly returns as of 2026-08-27: 0.06 over 3 years, with 0.18 over the last year and 0.12 over 5 years.
Is QQQ a good diversifier for IMCC?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
What does a correlation of 0.06 mean?
A reading of 0.06 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IMCC correlations · QQQ correlations
