INSW vs QQQ: Correlation
International Seaways, Inc. (INSW) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INSW and QQQ?
Across a 3-year window, the weekly returns of INSW and QQQ correlate at 0.18, weak. The relationship has been stable: the 1-year correlation (0.16) sits close to the 3-year figure. Stretching to 5 years gives 0.10, with an annualized covariance of 129.8 %².
Out of 21 assets tracked against INSW, QQQ lands near the bottom at #18. The last year tells two different stories: INSW led by 124.0 percentage points, +150.3% for INSW against +26.3% for QQQ. Note the risk asymmetry: INSW runs 1.9 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.
INSW vs QQQ: side by side
| INSW (International Seaways, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +150.3% | +26.3% |
| 5-year return | +861.9% | +95.4% |
| Volatility (ann.) | 36.8% | 19.6% |
| Beta vs S&P 500 | 0.50 | 1.28 |
| Max drawdown (3Y) | -50.4% | -22.8% |
| Market cap | $4.9B | – |
| P/E (trailing) | 6.0 | – |
| Dividend yield | 0.51% | 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 | INSW | QQQ |
|---|---|---|
| 2022 | +162.5% | -32.6% |
| 2023 | +42.9% | +54.9% |
| 2024 | -10.9% | +25.6% |
| 2025 | +45.0% | +20.8% |
| 2026 | +123.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INSW and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, INSW and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INSW and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.16 over the last year and 0.10 over 5 years.
Is QQQ a good diversifier for INSW?
Yes. With a correlation of 0.18, INSW and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: INSW correlations · QQQ correlations
