IQV vs QQQ: Correlation
Measured on weekly returns over the past three years, IQVIA (IQV) and Invesco QQQ Trust (QQQ) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IQV and QQQ?
On 3 years of weekly data the IQV/QQQ correlation comes out at 0.26, weak. Recent behaviour matches the longer record: 0.19 over 1 year against 0.26 over 3. The 5-year figure is 0.44, and annualized covariance runs at 193.0 %².
By 3-year correlation, QQQ places #27 of the 37 assets tracked against IQV. On 12-month performance IQV holds a 12.7-point edge, +39.0% against +26.3%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.11 to 0.74. Risk is not evenly split, since IQV carries 1.9 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.
IQV vs QQQ: side by side
| IQV (IQVIA) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +39.0% | +26.3% |
| 5-year return | +0.3% | +95.4% |
| Volatility (ann.) | 37.9% | 19.6% |
| Beta vs S&P 500 | 0.93 | 1.28 |
| Max drawdown (3Y) | -47.1% | -22.8% |
| Market cap | $43.2B | – |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Health Care | 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 | IQV | QQQ |
|---|---|---|
| 2022 | -27.4% | -32.6% |
| 2023 | +12.9% | +54.9% |
| 2024 | -15.1% | +25.6% |
| 2025 | +14.7% | +20.8% |
| 2026 | +16.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IQV and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IQV and QQQ?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.19 over the last year and 0.44 over 5 years.
Is QQQ a good diversifier for IQV?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 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/iqv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iqv-vs-qqq/)
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Related comparisons
Hubs: IQV correlations · QQQ correlations
