IOT vs QQQ: Correlation
How closely do Samsara Inc. (IOT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IOT and QQQ?
On 3 years of weekly data the IOT/QQQ correlation comes out at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.39 over 3 years. The 5-year figure is 0.45, and annualized covariance runs at 453.9 %².
Among the 18 assets we track against IOT, QQQ sits near the bottom by co-movement, at rank #14. On 12-month performance QQQ holds a 8.9-point edge, +17.4% against +26.3%. Risk is not evenly split, since IOT carries 3.0 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.
IOT vs QQQ: side by side
| IOT (Samsara Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.4% | +26.3% |
| 5-year return | +69.5% | +95.4% |
| Volatility (ann.) | 59.7% | 19.6% |
| Beta vs S&P 500 | 1.74 | 1.28 |
| Max drawdown (3Y) | -60.2% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 418.7 | – |
| 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 | IOT | QQQ |
|---|---|---|
| 2022 | -55.8% | -32.6% |
| 2023 | +168.5% | +54.9% |
| 2024 | +30.9% | +25.6% |
| 2025 | -18.9% | +20.8% |
| 2026 | +18.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IOT and QQQ good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IOT and QQQ?
The IOT/QQQ correlation stands at 0.39 on a 3-year window (1 year: 0.23, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IOT?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IOT correlations · QQQ correlations
