IPM vs QQQ: Correlation
Intelligent Protection Management Corp. (IPM) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPM and QQQ?
On 3 years of weekly data the IPM/QQQ correlation comes out at 0.20, weak. Recent behaviour matches the longer record: 0.24 over 1 year against 0.20 over 3. The 5-year figure is 0.10, and annualized covariance runs at 270.2 %².
QQQ is close to the least connected end of IPM's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 31.9 percentage points, -5.6% for IPM against +26.3% for QQQ. Note the risk asymmetry: IPM runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
IPM vs QQQ: side by side
| IPM (Intelligent Protection Management Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.6% | +26.3% |
| 5-year return | -49.5% | +95.4% |
| Volatility (ann.) | 67.6% | 19.6% |
| Beta vs S&P 500 | 0.96 | 1.28 |
| Max drawdown (3Y) | -72.7% | -22.8% |
| Market cap | – | – |
| 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 | IPM | QQQ |
|---|---|---|
| 2022 | -53.5% | -32.6% |
| 2023 | +77.3% | +54.9% |
| 2024 | -15.0% | +25.6% |
| 2025 | -13.6% | +20.8% |
| 2026 | +8.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPM and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IPM and QQQ?
The IPM/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.24, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IPM?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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.
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Related comparisons
Hubs: IPM correlations · QQQ correlations
