INSE vs QQQ: Correlation
Measured on weekly returns over the past three years, Inspired Entertainment, Inc. (INSE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSE and QQQ?
Across a 3-year window, the weekly returns of INSE and QQQ correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.37, with an annualized covariance of 325.9 %².
Among the 11 assets we track against INSE, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 62.1 percentage points (-35.8% for INSE against +26.3% for QQQ). Risk is not evenly split, since INSE carries 2.3 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.
INSE vs QQQ: side by side
| INSE (Inspired Entertainment, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -35.8% | +26.3% |
| 5-year return | -52.5% | +95.4% |
| Volatility (ann.) | 45.1% | 19.6% |
| Beta vs S&P 500 | 1.37 | 1.28 |
| Max drawdown (3Y) | -56.8% | -22.8% |
| Market cap | $0.2B | – |
| 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 | INSE | QQQ |
|---|---|---|
| 2022 | -2.2% | -32.6% |
| 2023 | -22.0% | +54.9% |
| 2024 | -8.4% | +25.6% |
| 2025 | +3.4% | +20.8% |
| 2026 | -37.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSE and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INSE and QQQ?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.37 over the last year and 0.37 over 5 years.
Is QQQ a good diversifier for INSE?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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: INSE correlations · QQQ correlations
