INBX vs QQQ: Correlation
How closely do Inhibrx Biosciences, Inc. (INBX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INBX and QQQ?
On 3 years of weekly data the INBX/QQQ correlation comes out at 0.24, weak. The link has tightened recently: the 1-year correlation (0.39) runs above the 3-year figure (0.24). The 5-year figure is n/a, and annualized covariance runs at 390.9 %².
By 3-year correlation, QQQ places #8 of the 16 assets tracked against INBX. The last year tells two different stories: INBX led by 326.0 percentage points, +352.3% for INBX against +26.3% for QQQ. Risk is not evenly split, since INBX carries 4.1 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.
INBX vs QQQ: side by side
| INBX (Inhibrx Biosciences, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +352.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 80.6% | 19.6% |
| Beta vs S&P 500 | 1.34 | 1.28 |
| Max drawdown (3Y) | -44.1% | -22.8% |
| Market cap | $1.8B | – |
| 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 | INBX | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +413.0% | +20.8% |
| 2026 | +56.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INBX and QQQ good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INBX and QQQ?
As of 2026-08-27, the correlation of weekly returns between INBX and QQQ is 0.24 over 3 years, 0.39 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for INBX?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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
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Related comparisons
Hubs: INBX correlations · QQQ correlations
