INV vs QQQ: Correlation
Innventure, Inc. (INV) 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 INV and QQQ?
On 3 years of weekly data the INV/QQQ correlation comes out at 0.22, weak. The relationship has been stable: the 1-year correlation (0.20) sits close to the 3-year figure. The 5-year figure is 0.15, and annualized covariance runs at 384.5 %².
By 3-year correlation, QQQ places #6 of the 16 assets tracked against INV. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 95.7 percentage points (-69.4% for INV against +26.3% for QQQ). Risk is not evenly split, since INV carries 4.6 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.
INV vs QQQ: side by side
| INV (Innventure, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -69.4% | +26.3% |
| 5-year return | -85.4% | +95.4% |
| Volatility (ann.) | 90.9% | 19.6% |
| Beta vs S&P 500 | 1.31 | 1.28 |
| Max drawdown (3Y) | -90.4% | -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 | INV | QQQ |
|---|---|---|
| 2022 | +1.1% | -32.6% |
| 2023 | +7.3% | +54.9% |
| 2024 | +27.8% | +25.6% |
| 2025 | -69.8% | +20.8% |
| 2026 | -65.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INV and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INV and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.20 over the last year and 0.15 over 5 years.
Is QQQ a good diversifier for INV?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/inv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/inv-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INV correlations · QQQ correlations
