IMDX vs QQQ: Correlation
Measured on weekly returns over the past three years, Insight Molecular Diagnostics Inc. (IMDX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMDX and QQQ?
Across a 3-year window, the weekly returns of IMDX and QQQ correlate at 0.15, weak. The link has tightened recently: the 1-year correlation (0.33) runs above the 3-year figure (0.15). Stretching to 5 years gives 0.18, with an annualized covariance of 267.6 %².
QQQ is close to the least connected end of IMDX's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with IMDX ahead by 46.7 points (+73.0% versus +26.3%). One caveat on sizing: IMDX is 4.6 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.
IMDX vs QQQ: side by side
| IMDX (Insight Molecular Diagnostics Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +73.0% | +26.3% |
| 5-year return | -94.7% | +95.4% |
| Volatility (ann.) | 89.4% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -69.9% | -22.8% |
| Market cap | $0.1B | – |
| 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 | IMDX | QQQ |
|---|---|---|
| 2022 | -85.2% | -32.6% |
| 2023 | -61.1% | +54.9% |
| 2024 | -4.8% | +25.6% |
| 2025 | +215.1% | +20.8% |
| 2026 | -42.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMDX and QQQ good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IMDX and QQQ?
As of 2026-08-27, the correlation of weekly returns between IMDX and QQQ is 0.15 over 3 years, 0.33 over 1 year and 0.18 over 5 years.
Is QQQ a good diversifier for IMDX?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.15 mean?
A reading of 0.15 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/imdx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imdx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMDX correlations · QQQ correlations
