IMNM vs QQQ: Correlation
How closely do Immunome, Inc. (IMNM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMNM and QQQ?
Over the past 3 years, IMNM and QQQ moved with a correlation of 0.28, which is weak. The relationship has been stable: the 1-year correlation (0.21) sits close to the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 404.9 %².
Out of 16 assets tracked against IMNM, QQQ lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months IMNM outperformed by 163.9 percentage points (+190.2% for IMNM against +26.3% for QQQ). One caveat on sizing: IMNM is 3.8 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.
IMNM vs QQQ: side by side
| IMNM (Immunome, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +190.2% | +26.3% |
| 5-year return | +102.5% | +95.4% |
| Volatility (ann.) | 75.1% | 19.6% |
| Beta vs S&P 500 | 1.55 | 1.28 |
| Max drawdown (3Y) | -79.7% | -22.8% |
| Market cap | $3.3B | – |
| 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 | IMNM | QQQ |
|---|---|---|
| 2022 | -82.9% | -32.6% |
| 2023 | +384.2% | +54.9% |
| 2024 | -0.7% | +25.6% |
| 2025 | +102.3% | +20.8% |
| 2026 | +34.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMNM and QQQ good diversifiers for each other?
Reasonably. At 0.28, IMNM and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IMNM and QQQ?
The IMNM/QQQ correlation stands at 0.28 on a 3-year window (1 year: 0.21, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IMNM?
Reasonably. At 0.28, IMNM and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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
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Related comparisons
Hubs: IMNM correlations · QQQ correlations
