INVX vs QQQ: Correlation
Innovex International, Inc. (INVX) 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 INVX and QQQ?
On 3 years of weekly data the INVX/QQQ correlation comes out at 0.18, weak. The past 12 months show a weaker link (0.00) than the 3-year average (0.18). The 5-year figure is 0.15, and annualized covariance runs at 151.6 %².
Among the 11 assets we track against INVX, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months INVX outperformed by 53.0 percentage points (+79.3% for INVX against +26.3% for QQQ). Risk is not evenly split, since INVX carries 2.2 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.
INVX vs QQQ: side by side
| INVX (Innovex International, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +79.3% | +26.3% |
| 5-year return | +21.9% | +95.4% |
| Volatility (ann.) | 42.3% | 19.6% |
| Beta vs S&P 500 | 0.83 | 1.28 |
| Max drawdown (3Y) | -58.9% | -22.8% |
| Market cap | $2.1B | – |
| P/E (trailing) | 31.7 | – |
| 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 | INVX | QQQ |
|---|---|---|
| 2022 | +38.1% | -32.6% |
| 2023 | -14.4% | +54.9% |
| 2024 | -40.0% | +25.6% |
| 2025 | +56.5% | +20.8% |
| 2026 | +36.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVX and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, INVX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between INVX and QQQ?
As of 2026-08-27, the correlation of weekly returns between INVX and QQQ is 0.18 over 3 years, 0.00 over 1 year and 0.15 over 5 years.
Is QQQ a good diversifier for INVX?
Yes. With a correlation of 0.18, INVX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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/invx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/invx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INVX correlations · QQQ correlations
