INBS vs QQQ: Correlation
Measured on weekly returns over the past three years, Intelligent Bio Solutions Inc. (INBS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INBS and QQQ?
Across a 3-year window, the weekly returns of INBS and QQQ correlate at 0.18, weak. Recent behaviour matches the longer record: 0.12 over 1 year against 0.18 over 3. Stretching to 5 years gives 0.20, with an annualized covariance of 620.8 %².
Out of 10 assets tracked against INBS, QQQ lands near the bottom at #6. Correlation aside, the last 12 months split them widely, with QQQ ahead by 112.0 points (-85.7% versus +26.3%). One caveat on sizing: INBS is 9.1 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.
INBS vs QQQ: side by side
| INBS (Intelligent Bio Solutions Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -85.7% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 177.9% | 19.6% |
| Beta vs S&P 500 | 2.07 | 1.28 |
| Max drawdown (3Y) | -99.4% | -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 | INBS | QQQ |
|---|---|---|
| 2022 | -86.1% | -32.6% |
| 2023 | -91.5% | +54.9% |
| 2024 | -65.5% | +25.6% |
| 2025 | -31.9% | +20.8% |
| 2026 | -76.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INBS 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 INBS and QQQ?
As of 2026-08-27, the correlation of weekly returns between INBS and QQQ is 0.18 over 3 years, 0.12 over 1 year and 0.20 over 5 years.
Is QQQ a good diversifier for INBS?
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/inbs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/inbs-vs-qqq/)
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Related comparisons
Hubs: INBS correlations · QQQ correlations
