INSM vs QQQ: Correlation
Insmed Incorporated (INSM) 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 INSM and QQQ?
On 3 years of weekly data the INSM/QQQ correlation comes out at 0.05, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.12) sits close to the 3-year figure. The 5-year figure is 0.13, and annualized covariance runs at 105.7 %².
Out of 11 assets tracked against INSM, QQQ lands near the bottom at #8. The last year tells two different stories: QQQ led by 36.1 percentage points, -9.8% for INSM against +26.3% for QQQ. One caveat on sizing: INSM 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.
INSM vs QQQ: side by side
| INSM (Insmed Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.8% | +26.3% |
| 5-year return | +339.0% | +95.4% |
| Volatility (ann.) | 100.1% | 19.6% |
| Beta vs S&P 500 | 0.74 | 1.28 |
| Max drawdown (3Y) | -56.5% | -22.8% |
| Market cap | $26.5B | – |
| 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 | INSM | QQQ |
|---|---|---|
| 2022 | -26.7% | -32.6% |
| 2023 | +55.1% | +54.9% |
| 2024 | +122.8% | +25.6% |
| 2025 | +152.1% | +20.8% |
| 2026 | -30.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSM and QQQ good diversifiers for each other?
Yes. With a correlation of 0.05, INSM and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INSM and QQQ?
As of 2026-08-27, the correlation of weekly returns between INSM and QQQ is 0.05 over 3 years, 0.12 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for INSM?
Yes. With a correlation of 0.05, INSM and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 mean?
A reading of 0.05 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/insm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/insm-vs-qqq/)
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Related comparisons
Hubs: INSM correlations · QQQ correlations
