INVZ vs QQQ: Correlation
How closely do Innoviz Technologies Ltd. (INVZ) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INVZ and QQQ?
Across a 3-year window, the weekly returns of INVZ and QQQ correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 751.6 %².
QQQ is close to the least connected end of INVZ's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 105.3 percentage points, -79.0% for INVZ against +26.3% for QQQ. One caveat on sizing: INVZ is 5.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
INVZ vs QQQ: side by side
| INVZ (Innoviz Technologies Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -79.0% | +26.3% |
| 5-year return | -95.3% | +95.4% |
| Volatility (ann.) | 103.4% | 19.6% |
| Beta vs S&P 500 | 2.69 | 1.28 |
| Max drawdown (3Y) | -88.5% | -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 | INVZ | QQQ |
|---|---|---|
| 2022 | -38.0% | -32.6% |
| 2023 | -35.6% | +54.9% |
| 2024 | -33.6% | +25.6% |
| 2025 | -49.2% | +20.8% |
| 2026 | -58.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INVZ and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between INVZ and QQQ?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.29 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for INVZ?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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
$ curl https://www.pairbook.io/api/v1/pairs/invz-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/invz-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INVZ correlations · QQQ correlations
