INVE vs QQQ: Correlation
Measured on weekly returns over the past three years, Identiv, Inc. (INVE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVE and QQQ?
Across a 3-year window, the weekly returns of INVE and QQQ correlate at 0.28, weak. Recent behaviour matches the longer record: 0.31 over 1 year against 0.28 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 294.5 %².
Within INVE's tracked universe of 12 assets, QQQ comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 49.7 percentage points (-23.4% for INVE against +26.3% for QQQ). Note the risk asymmetry: INVE runs 2.8 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.
INVE vs QQQ: side by side
| INVE (Identiv, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -23.4% | +26.3% |
| 5-year return | -83.7% | +95.4% |
| Volatility (ann.) | 54.6% | 19.6% |
| Beta vs S&P 500 | 1.05 | 1.28 |
| Max drawdown (3Y) | -72.2% | -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 | INVE | QQQ |
|---|---|---|
| 2022 | -74.3% | -32.6% |
| 2023 | +13.8% | +54.9% |
| 2024 | -55.6% | +25.6% |
| 2025 | +4.9% | +20.8% |
| 2026 | -26.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVE and QQQ good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INVE and QQQ?
The INVE/QQQ correlation stands at 0.28 on a 3-year window (1 year: 0.31, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for INVE?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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: INVE correlations · QQQ correlations
