IPWR vs QQQ: Correlation
Ideal Power Inc. (IPWR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPWR and QQQ?
On 3 years of weekly data the IPWR/QQQ correlation comes out at 0.29, weak. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.29). The 5-year figure is 0.32, and annualized covariance runs at 486.4 %².
By 3-year correlation, QQQ places #7 of the 13 assets tracked against IPWR. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 30.0 percentage points (-3.7% for IPWR against +26.3% for QQQ). Note the risk asymmetry: IPWR runs 4.4 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.
IPWR vs QQQ: side by side
| IPWR (Ideal Power Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.7% | +26.3% |
| 5-year return | -68.3% | +95.4% |
| Volatility (ann.) | 86.2% | 19.6% |
| Beta vs S&P 500 | 1.72 | 1.28 |
| Max drawdown (3Y) | -80.0% | -22.8% |
| Market cap | $0.1B | – |
| 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 | IPWR | QQQ |
|---|---|---|
| 2022 | -11.3% | -32.6% |
| 2023 | -27.4% | +54.9% |
| 2024 | -2.8% | +25.6% |
| 2025 | -59.1% | +20.8% |
| 2026 | +60.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPWR and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IPWR and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.50 over the last year and 0.32 over 5 years.
Is QQQ a good diversifier for IPWR?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ipwr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ipwr-vs-qqq/)
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Related comparisons
Hubs: IPWR correlations · QQQ correlations
