IOSP vs QQQ: Correlation
How closely do Innospec Inc. (IOSP) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IOSP and QQQ?
Over the past 3 years, IOSP and QQQ moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.40). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 207.7 %².
Out of 35 assets tracked against IOSP, QQQ lands near the bottom at #31. The last year tells two different stories: QQQ led by 15.0 percentage points, +11.3% for IOSP against +26.3% for QQQ.
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.
IOSP vs QQQ: side by side
| IOSP (Innospec Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.3% | +26.3% |
| 5-year return | +10.2% | +95.4% |
| Volatility (ann.) | 26.6% | 19.6% |
| Beta vs S&P 500 | 0.94 | 1.28 |
| Max drawdown (3Y) | -48.4% | -22.8% |
| Market cap | $2.3B | – |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 1.87% | 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 | IOSP | QQQ |
|---|---|---|
| 2022 | +15.2% | -32.6% |
| 2023 | +21.5% | +54.9% |
| 2024 | -9.6% | +25.6% |
| 2025 | -28.9% | +20.8% |
| 2026 | +26.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IOSP and QQQ good diversifiers for each other?
Reasonably. At 0.40, IOSP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IOSP and QQQ?
The IOSP/QQQ correlation stands at 0.40 on a 3-year window (1 year: 0.21, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IOSP?
Reasonably. At 0.40, IOSP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/iosp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iosp-vs-qqq/)
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Related comparisons
Hubs: IOSP correlations · QQQ correlations
