INDV vs QQQ: Correlation
How closely do Indivior Pharmaceuticals, Inc. (INDV) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.10, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDV and QQQ?
Over the past 3 years, INDV and QQQ moved with a correlation of 0.10, which is weak. The relationship has been stable: the 1-year correlation (0.07) sits close to the 3-year figure. Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is 111.4 %².
Out of 11 assets tracked against INDV, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months INDV outperformed by 18.6 percentage points (+44.9% for INDV against +26.3% for QQQ). Risk is not evenly split, since INDV carries 2.8 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.
INDV vs QQQ: side by side
| INDV (Indivior Pharmaceuticals, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +44.9% | +26.3% |
| 5-year return | +166.9% | +95.4% |
| Volatility (ann.) | 55.2% | 19.6% |
| Beta vs S&P 500 | 0.47 | 1.28 |
| Max drawdown (3Y) | -67.7% | -22.8% |
| Market cap | $4.2B | – |
| P/E (trailing) | 12.7 | – |
| 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 | INDV | QQQ |
|---|---|---|
| 2022 | +26.1% | -32.6% |
| 2023 | -29.8% | +54.9% |
| 2024 | -18.6% | +25.6% |
| 2025 | +188.7% | +20.8% |
| 2026 | -1.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDV and QQQ good diversifiers for each other?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between INDV and QQQ?
As of 2026-08-27, the correlation of weekly returns between INDV and QQQ is 0.10 over 3 years, 0.07 over 1 year and 0.06 over 5 years.
Is QQQ a good diversifier for INDV?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.10 mean?
On the −1 to +1 scale, 0.10 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/indv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/indv-vs-qqq/)
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Related comparisons
Hubs: INDV correlations · QQQ correlations
