IPGP vs QQQ: Correlation
Measured on weekly returns over the past three years, IPG Photonics Corporation (IPGP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPGP and QQQ?
Across a 3-year window, the weekly returns of IPGP and QQQ correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.34 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 323.9 %².
Within IPGP's tracked universe of 18 assets, QQQ comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 33.9 points (-7.6% versus +26.3%). One caveat on sizing: IPGP is 2.4 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.
IPGP vs QQQ: side by side
| IPGP (IPG Photonics Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -7.6% | +26.3% |
| 5-year return | -55.1% | +95.4% |
| Volatility (ann.) | 48.0% | 19.6% |
| Beta vs S&P 500 | 1.24 | 1.28 |
| Max drawdown (3Y) | -55.1% | -22.8% |
| Market cap | $3.3B | – |
| P/E (trailing) | 113.6 | – |
| 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 | IPGP | QQQ |
|---|---|---|
| 2022 | -45.0% | -32.6% |
| 2023 | +14.7% | +54.9% |
| 2024 | -33.0% | +25.6% |
| 2025 | -1.5% | +20.8% |
| 2026 | +7.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPGP and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IPGP and QQQ?
The IPGP/QQQ correlation stands at 0.34 on a 3-year window (1 year: 0.11, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IPGP?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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
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Related comparisons
Hubs: IPGP correlations · QQQ correlations
