INMB vs QQQ: Correlation
How closely do INmune Bio Inc. (INMB) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INMB and QQQ?
Over the past 3 years, INMB and QQQ moved with a correlation of 0.23, which is weak. The past 12 months show a tighter link (0.42) than the 3-year average (0.23). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 345.9 %².
QQQ is close to the least connected end of INMB's tracked universe, ranking #8 of 11. The trailing year gives QQQ the advantage: +17.4% versus +26.3%, a 8.9-point spread. Note the risk asymmetry: INMB runs 3.9 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.
INMB vs QQQ: side by side
| INMB (INmune Bio Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.4% | +26.3% |
| 5-year return | -89.4% | +95.4% |
| Volatility (ann.) | 76.1% | 19.6% |
| Beta vs S&P 500 | 1.33 | 1.28 |
| Max drawdown (3Y) | -92.0% | -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 | INMB | QQQ |
|---|---|---|
| 2022 | -37.8% | -32.6% |
| 2023 | +77.6% | +54.9% |
| 2024 | -58.5% | +25.6% |
| 2025 | -66.6% | +20.8% |
| 2026 | +53.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INMB and QQQ good diversifiers for each other?
Reasonably. At 0.23, INMB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INMB and QQQ?
As of 2026-08-27, the correlation of weekly returns between INMB and QQQ is 0.23 over 3 years, 0.42 over 1 year and 0.27 over 5 years.
Is QQQ a good diversifier for INMB?
Reasonably. At 0.23, INMB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 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/inmb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/inmb-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INMB correlations · QQQ correlations
