IMUX vs QQQ: Correlation
Measured on weekly returns over the past three years, Immunic, Inc. (IMUX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.20, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMUX and QQQ?
Across a 3-year window, the weekly returns of IMUX and QQQ correlate at 0.20, weak. Little has changed lately, as the 1-year reading of 0.12 lands near the 3-year figure. Stretching to 5 years gives 0.15, with an annualized covariance of 294.2 %².
Out of 13 assets tracked against IMUX, QQQ lands near the bottom at #9. The last year tells two different stories: IMUX led by 64.3 percentage points, +90.6% for IMUX against +26.3% for QQQ. Note the risk asymmetry: IMUX runs 3.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
IMUX vs QQQ: side by side
| IMUX (Immunic, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +90.6% | +26.3% |
| 5-year return | -83.6% | +95.4% |
| Volatility (ann.) | 76.2% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -73.8% | -22.8% |
| Market cap | $0.2B | – |
| 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 | IMUX | QQQ |
|---|---|---|
| 2022 | -85.4% | -32.6% |
| 2023 | +7.1% | +54.9% |
| 2024 | -33.3% | +25.6% |
| 2025 | -46.6% | +20.8% |
| 2026 | +205.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMUX and QQQ good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMUX and QQQ?
Using weekly returns as of 2026-08-27: 0.20 over 3 years, with 0.12 over the last year and 0.15 over 5 years.
Is QQQ a good diversifier for IMUX?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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/imux-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imux-vs-qqq/)
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Related comparisons
Hubs: IMUX correlations · QQQ correlations
