INO vs QQQ: Correlation
Inovio Pharmaceuticals, Inc. (INO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INO and QQQ?
Over the past 3 years, INO and QQQ moved with a correlation of 0.22, which is weak. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 419.4 %².
Out of 11 assets tracked against INO, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 75.1 percentage points (-48.8% for INO against +26.3% for QQQ). One caveat on sizing: INO is 5.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
INO vs QQQ: side by side
| INO (Inovio Pharmaceuticals, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -48.8% | +26.3% |
| 5-year return | -98.8% | +95.4% |
| Volatility (ann.) | 99.4% | 19.6% |
| Beta vs S&P 500 | 1.55 | 1.28 |
| Max drawdown (3Y) | -95.2% | -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 | INO | QQQ |
|---|---|---|
| 2022 | -68.7% | -32.6% |
| 2023 | -67.3% | +54.9% |
| 2024 | -70.1% | +25.6% |
| 2025 | -4.9% | +20.8% |
| 2026 | -27.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INO and QQQ good diversifiers for each other?
Reasonably. At 0.22, INO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INO and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.24 over the last year and 0.32 over 5 years.
Is QQQ a good diversifier for INO?
Reasonably. At 0.22, INO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
A reading of 0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: INO correlations · QQQ correlations
