INDP vs QQQ: Correlation
Indaptus Therapeutics, Inc. (INDP) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDP and QQQ?
Over the past 3 years, INDP and QQQ moved with a correlation of 0.18, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.18 over 3 years. Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 441.2 %².
Within INDP's tracked universe of 13 assets, QQQ comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 108.2 points (-81.9% versus +26.3%). Risk is not evenly split, since INDP carries 6.3 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.
INDP vs QQQ: side by side
| INDP (Indaptus Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -81.9% | +26.3% |
| 5-year return | -99.6% | +95.4% |
| Volatility (ann.) | 123.5% | 19.6% |
| Beta vs S&P 500 | 1.78 | 1.28 |
| Max drawdown (3Y) | -99.2% | -22.8% |
| Market cap | $0.2B | – |
| 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 | INDP | QQQ |
|---|---|---|
| 2022 | -74.6% | -32.6% |
| 2023 | +21.4% | +54.9% |
| 2024 | -52.2% | +25.6% |
| 2025 | -87.7% | +20.8% |
| 2026 | -60.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDP and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between INDP and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.03 over the last year and 0.14 over 5 years.
Is QQQ a good diversifier for INDP?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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
$ curl https://www.pairbook.io/api/v1/pairs/indp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/indp-vs-qqq/)
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Related comparisons
Hubs: INDP correlations · QQQ correlations
