INCR vs QQQ: Correlation
Intercure Ltd. (INCR) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INCR and QQQ?
Over the past 3 years, INCR and QQQ moved with a correlation of 0.05, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.05) sits close to the 3-year figure. Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is 328.1 %².
Out of 10 assets tracked against INCR, QQQ lands near the bottom at #6. Their recent paths diverged sharply: over the last 12 months INCR outperformed by 222.2 percentage points (+248.5% for INCR against +26.3% for QQQ). One caveat on sizing: INCR is 17.0 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.
INCR vs QQQ: side by side
| INCR (Intercure Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +248.5% | +26.3% |
| 5-year return | -10.0% | +95.4% |
| Volatility (ann.) | 333.4% | 19.6% |
| Beta vs S&P 500 | 1.08 | 1.28 |
| Max drawdown (3Y) | -79.8% | -22.8% |
| Market cap | $0.1B | – |
| 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 | INCR | QQQ |
|---|---|---|
| 2022 | -49.1% | -32.6% |
| 2023 | -60.9% | +54.9% |
| 2024 | +23.3% | +25.6% |
| 2025 | -42.8% | +20.8% |
| 2026 | +524.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.05, INCR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INCR and QQQ?
The INCR/QQQ correlation stands at 0.05 on a 3-year window (1 year: 0.05, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for INCR?
Yes. With a correlation of 0.05, INCR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: INCR correlations · QQQ correlations
