IMXI vs QQQ: Correlation
Measured on weekly returns over the past three years, International Money Express, Inc. (IMXI) 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 IMXI and QQQ?
Across a 3-year window, the weekly returns of IMXI and QQQ correlate at 0.20, weak. Little has changed lately, as the 1-year reading of 0.14 lands near the 3-year figure. Stretching to 5 years gives 0.22, with an annualized covariance of 183.5 %².
Among the 16 assets we track against IMXI, QQQ sits near the bottom by co-movement, at rank #12. The last year tells two different stories: QQQ led by 25.8 percentage points, +0.5% for IMXI against +26.3% for QQQ. Risk is not evenly split, since IMXI carries 2.4 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.
IMXI vs QQQ: side by side
| IMXI (International Money Express, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +0.5% | +26.3% |
| 5-year return | -19.7% | +95.4% |
| Volatility (ann.) | 47.9% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -61.8% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 23.8 | – |
| 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 | IMXI | QQQ |
|---|---|---|
| 2022 | +52.7% | -32.6% |
| 2023 | -9.4% | +54.9% |
| 2024 | -5.7% | +25.6% |
| 2025 | -26.3% | +20.8% |
| 2026 | -5.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMXI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IMXI and QQQ?
The IMXI/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.14, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IMXI?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
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.
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Related comparisons
Hubs: IMXI correlations · QQQ correlations
