IMVT vs QQQ: Correlation
How closely do Immunovant, Inc. (IMVT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMVT and QQQ?
Over the past 3 years, IMVT and QQQ moved with a correlation of 0.18, which is weak. The relationship has been stable: the 1-year correlation (0.24) sits close to the 3-year figure. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 243.1 %².
Within IMVT's tracked universe of 14 assets, QQQ comes in at #9 by 3-year correlation. The last year tells two different stories: IMVT led by 162.4 percentage points, +188.7% for IMVT against +26.3% for QQQ. Risk is not evenly split, since IMVT carries 3.6 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.
IMVT vs QQQ: side by side
| IMVT (Immunovant, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +188.7% | +26.3% |
| 5-year return | +424.8% | +95.4% |
| Volatility (ann.) | 71.0% | 19.6% |
| Beta vs S&P 500 | 0.89 | 1.28 |
| Max drawdown (3Y) | -69.9% | -22.8% |
| Market cap | $9.1B | – |
| 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 | IMVT | QQQ |
|---|---|---|
| 2022 | +108.3% | -32.6% |
| 2023 | +137.4% | +54.9% |
| 2024 | -41.2% | +25.6% |
| 2025 | +2.6% | +20.8% |
| 2026 | +72.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMVT and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IMVT and QQQ?
As of 2026-08-27, the correlation of weekly returns between IMVT and QQQ is 0.18 over 3 years, 0.24 over 1 year and 0.23 over 5 years.
Is QQQ a good diversifier for IMVT?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
A reading of 0.18 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/imvt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imvt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMVT correlations · QQQ correlations
