IMRX vs QQQ: Correlation
Immuneering Corporation (IMRX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMRX and QQQ?
Across a 3-year window, the weekly returns of IMRX and QQQ correlate at 0.24, weak. Little has changed lately, as the 1-year reading of 0.17 lands near the 3-year figure. Stretching to 5 years gives 0.17, with an annualized covariance of 544.3 %².
Among the 11 assets we track against IMRX, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 25.9 percentage points (+0.4% for IMRX against +26.3% for QQQ). Risk is not evenly split, since IMRX carries 5.9 times the volatility of the other side.
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.
IMRX vs QQQ: side by side
| IMRX (Immuneering Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +0.4% | +26.3% |
| 5-year return | -80.2% | +95.4% |
| Volatility (ann.) | 116.1% | 19.6% |
| Beta vs S&P 500 | 2.14 | 1.28 |
| Max drawdown (3Y) | -88.7% | -22.8% |
| Market cap | $0.3B | – |
| 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 | IMRX | QQQ |
|---|---|---|
| 2022 | -70.0% | -32.6% |
| 2023 | +51.5% | +54.9% |
| 2024 | -70.1% | +25.6% |
| 2025 | +199.1% | +20.8% |
| 2026 | -20.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMRX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IMRX and QQQ?
As of 2026-08-27, the correlation of weekly returns between IMRX and QQQ is 0.24 over 3 years, 0.17 over 1 year and 0.17 over 5 years.
Is QQQ a good diversifier for IMRX?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 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.
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Related comparisons
Hubs: IMRX correlations · QQQ correlations
