IMPP vs QQQ: Correlation
Measured on weekly returns over the past three years, Imperial Petroleum Inc. (IMPP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMPP and QQQ?
Across a 3-year window, the weekly returns of IMPP and QQQ correlate at 0.04, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.05 over 1 year against 0.04 over 3. Stretching to 5 years gives 0.07, with an annualized covariance of 39.7 %².
Out of 11 assets tracked against IMPP, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with IMPP ahead by 27.0 points (+53.3% versus +26.3%). One caveat on sizing: IMPP is 2.6 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.
IMPP vs QQQ: side by side
| IMPP (Imperial Petroleum Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +53.3% | +26.3% |
| 5-year return | -95.5% | +95.4% |
| Volatility (ann.) | 51.6% | 19.6% |
| Beta vs S&P 500 | 0.12 | 1.28 |
| Max drawdown (3Y) | -49.8% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 3.1 | – |
| 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 | IMPP | QQQ |
|---|---|---|
| 2022 | -88.7% | -32.6% |
| 2023 | -27.0% | +54.9% |
| 2024 | +14.0% | +25.6% |
| 2025 | +20.3% | +20.8% |
| 2026 | +39.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMPP and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMPP and QQQ?
Using weekly returns as of 2026-08-27: 0.04 over 3 years, with 0.05 over the last year and 0.07 over 5 years.
Is QQQ a good diversifier for IMPP?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
What does a correlation of 0.04 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/impp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/impp-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMPP correlations · QQQ correlations
