INGR vs QQQ: Correlation
How closely do Ingredion Incorporated (INGR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INGR and QQQ?
On 3 years of weekly data the INGR/QQQ correlation comes out at 0.16, weak. The past 12 months show a weaker link (0.05) than the 3-year average (0.16). The 5-year figure is 0.23, and annualized covariance runs at 58.0 %².
QQQ is close to the least connected end of INGR's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 43.8 percentage points (-17.5% for INGR against +26.3% for QQQ).
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.
INGR vs QQQ: side by side
| INGR (Ingredion Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -17.5% | +26.3% |
| 5-year return | +35.7% | +95.4% |
| Volatility (ann.) | 18.5% | 19.6% |
| Beta vs S&P 500 | 0.34 | 1.28 |
| Max drawdown (3Y) | -36.4% | -22.8% |
| Market cap | $6.5B | – |
| P/E (trailing) | 11.4 | – |
| Dividend yield | 3.13% | 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 | INGR | QQQ |
|---|---|---|
| 2022 | +4.5% | -32.6% |
| 2023 | +14.1% | +54.9% |
| 2024 | +29.2% | +25.6% |
| 2025 | -17.9% | +20.8% |
| 2026 | -3.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INGR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.16, INGR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INGR and QQQ?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with 0.05 over the last year and 0.23 over 5 years.
Is QQQ a good diversifier for INGR?
Yes. With a correlation of 0.16, INGR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.16 mean?
A reading of 0.16 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/ingr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ingr-vs-qqq/)
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Related comparisons
Hubs: INGR correlations · QQQ correlations
