IMO vs QQQ: Correlation
Imperial Oil Limited (IMO) 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 IMO and QQQ?
Over the past 3 years, IMO and QQQ moved with a correlation of 0.02, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus 0.02 over 3 years. Over 5 years the correlation is 0.08, and the annualized covariance of weekly returns is 9.0 %².
QQQ is close to the least connected end of IMO's tracked universe, ranking #9 of 12. The last year tells two different stories: IMO led by 24.1 percentage points, +50.4% for IMO 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.
IMO vs QQQ: side by side
| IMO (Imperial Oil Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +50.4% | +26.3% |
| 5-year return | +468.0% | +95.4% |
| Volatility (ann.) | 28.8% | 19.6% |
| Beta vs S&P 500 | 0.24 | 1.28 |
| Max drawdown (3Y) | -22.9% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 21.2 | – |
| Dividend yield | 2.42% | 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 | IMO | QQQ |
|---|---|---|
| 2022 | +38.0% | -32.6% |
| 2023 | +20.6% | +54.9% |
| 2024 | +10.5% | +25.6% |
| 2025 | +43.8% | +20.8% |
| 2026 | +54.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMO and QQQ good diversifiers for each other?
Yes. With a correlation of 0.02, IMO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IMO and QQQ?
As of 2026-08-27, the correlation of weekly returns between IMO and QQQ is 0.02 over 3 years, -0.38 over 1 year and 0.08 over 5 years.
Is QQQ a good diversifier for IMO?
Yes. With a correlation of 0.02, IMO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 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
$ curl https://www.pairbook.io/api/v1/pairs/imo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: IMO correlations · QQQ correlations
