INHD vs QQQ: Correlation
Inno Holdings Inc. (INHD) 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 INHD and QQQ?
On 3 years of weekly data the INHD/QQQ correlation comes out at 0.05, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.09 over 1 year against 0.05 over 3. The 5-year figure is n/a, and annualized covariance runs at 2029.4 %².
Within INHD's tracked universe of 25 assets, QQQ comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 126.1 percentage points (-99.8% for INHD against +26.3% for QQQ). Note the risk asymmetry: INHD runs 114.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
INHD vs QQQ: side by side
| INHD (Inno Holdings Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.8% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 2238.2% | 19.6% |
| Beta vs S&P 500 | -0.52 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.2 | – |
| 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 | INHD | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -67.3% | +25.6% |
| 2025 | -99.0% | +20.8% |
| 2026 | -73.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INHD and QQQ good diversifiers for each other?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between INHD and QQQ?
Using weekly returns as of 2026-08-27: 0.05 over 3 years, with 0.09 over the last year and n/a over 5 years.
Is QQQ a good diversifier for INHD?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.05 mean?
On the −1 to +1 scale, 0.05 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: INHD correlations · QQQ correlations
