IPAR vs QQQ: Correlation
How closely do Interparfums, Inc. (IPAR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPAR and QQQ?
On 3 years of weekly data the IPAR/QQQ correlation comes out at 0.24, weak. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.24). The 5-year figure is 0.35, and annualized covariance runs at 149.8 %².
QQQ is close to the least connected end of IPAR's tracked universe, ranking #10 of 13. The last year tells two different stories: QQQ led by 21.8 percentage points, +4.5% for IPAR against +26.3% for QQQ. One caveat on sizing: IPAR is 1.6 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.
IPAR vs QQQ: side by side
| IPAR (Interparfums, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.5% | +26.3% |
| 5-year return | +80.2% | +95.4% |
| Volatility (ann.) | 32.0% | 19.6% |
| Beta vs S&P 500 | 0.75 | 1.28 |
| Max drawdown (3Y) | -46.4% | -22.8% |
| Market cap | $3.8B | – |
| P/E (trailing) | 22.4 | – |
| Dividend yield | 2.74% | 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 | IPAR | QQQ |
|---|---|---|
| 2022 | -7.4% | -32.6% |
| 2023 | +52.0% | +54.9% |
| 2024 | -6.5% | +25.6% |
| 2025 | -33.6% | +20.8% |
| 2026 | +40.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPAR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IPAR and QQQ?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.10 over the last year and 0.35 over 5 years.
Is QQQ a good diversifier for IPAR?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 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/ipar-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ipar-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IPAR correlations · QQQ correlations
