IMKTA vs QQQ: Correlation
Ingles Markets, Incorporated (IMKTA) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMKTA and QQQ?
Across a 3-year window, the weekly returns of IMKTA and QQQ correlate at -0.02, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.23) runs below the 3-year figure (-0.02). Stretching to 5 years gives 0.13, with an annualized covariance of -10.6 %².
By 3-year correlation, QQQ places #8 of the 13 assets tracked against IMKTA. Their 12-month results are close: +22.5% for IMKTA against +26.3% for QQQ.
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.
IMKTA vs QQQ: side by side
| IMKTA (Ingles Markets, Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +22.5% | +26.3% |
| 5-year return | +28.3% | +95.4% |
| Volatility (ann.) | 24.9% | 19.6% |
| Beta vs S&P 500 | 0.17 | 1.28 |
| Max drawdown (3Y) | -32.0% | -22.8% |
| Market cap | $1.6B | – |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 0.79% | 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 | IMKTA | QQQ |
|---|---|---|
| 2022 | +12.6% | -32.6% |
| 2023 | -9.8% | +54.9% |
| 2024 | -24.7% | +25.6% |
| 2025 | +7.4% | +20.8% |
| 2026 | +20.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMKTA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMKTA and QQQ?
The IMKTA/QQQ correlation stands at -0.02 on a 3-year window (1 year: -0.23, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IMKTA?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
What does a correlation of -0.02 mean?
A reading of -0.02 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/imkta-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imkta-vs-qqq/)
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Related comparisons
Hubs: IMKTA correlations · QQQ correlations
