IMTE vs QQQ: Correlation
Measured on weekly returns over the past three years, Integrated Media Technology Limited (IMTE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMTE and QQQ?
On 3 years of weekly data the IMTE/QQQ correlation comes out at 0.01, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.17) than the 3-year average (0.01). The 5-year figure is 0.05, and annualized covariance runs at 35.4 %².
QQQ is close to the least connected end of IMTE's tracked universe, ranking #6 of 10. The last year tells two different stories: QQQ led by 75.9 percentage points, -49.6% for IMTE against +26.3% for QQQ. One caveat on sizing: IMTE is 8.4 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.
IMTE vs QQQ: side by side
| IMTE (Integrated Media Technology Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -49.6% | +26.3% |
| 5-year return | -99.0% | +95.4% |
| Volatility (ann.) | 164.0% | 19.6% |
| Beta vs S&P 500 | -0.05 | 1.28 |
| Max drawdown (3Y) | -90.0% | -22.8% |
| Market cap | – | – |
| 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 | IMTE | QQQ |
|---|---|---|
| 2022 | -84.6% | -32.6% |
| 2023 | -60.6% | +54.9% |
| 2024 | -53.9% | +25.6% |
| 2025 | -51.9% | +20.8% |
| 2026 | -19.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMTE and QQQ good diversifiers for each other?
Yes. With a correlation of 0.01, IMTE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IMTE and QQQ?
The IMTE/QQQ correlation stands at 0.01 on a 3-year window (1 year: 0.17, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IMTE?
Yes. With a correlation of 0.01, IMTE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.01 mean?
A reading of 0.01 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/imte-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imte-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMTE correlations · QQQ correlations
