INVH vs QQQ: Correlation
Invitation Homes (INVH) 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 INVH and QQQ?
Across a 3-year window, the weekly returns of INVH and QQQ correlate at 0.22, weak. The past 12 months show a weaker link (-0.02) than the 3-year average (0.22). Stretching to 5 years gives 0.43, with an annualized covariance of 92.6 %².
Within INVH's tracked universe of 28 assets, QQQ comes in at #18 by 3-year correlation. The last year tells two different stories: QQQ led by 28.2 percentage points, -1.9% for INVH against +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.03 to 0.68.
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.
INVH vs QQQ: side by side
| INVH (Invitation Homes) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.9% | +26.3% |
| 5-year return | -16.8% | +95.4% |
| Volatility (ann.) | 21.2% | 19.6% |
| Beta vs S&P 500 | 0.50 | 1.28 |
| Max drawdown (3Y) | -30.9% | -22.8% |
| Market cap | $17.4B | – |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 3.98% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Real Estate | 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 | INVH | QQQ |
|---|---|---|
| 2022 | -33.0% | -32.6% |
| 2023 | +19.7% | +54.9% |
| 2024 | -3.1% | +25.6% |
| 2025 | -9.7% | +20.8% |
| 2026 | +7.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVH 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 INVH and QQQ?
As of 2026-08-27, the correlation of weekly returns between INVH and QQQ is 0.22 over 3 years, -0.02 over 1 year and 0.43 over 5 years.
Is QQQ a good diversifier for INVH?
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?
On the −1 to +1 scale, 0.22 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
$ curl https://www.pairbook.io/api/v1/pairs/invh-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/invh-vs-qqq/)
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Related comparisons
Hubs: INVH correlations · QQQ correlations
