IR vs QQQ: Correlation
How closely do Ingersoll Rand (IR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IR and QQQ?
Across a 3-year window, the weekly returns of IR and QQQ correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.51, with an annualized covariance of 260.5 %².
Among the 61 assets we track against IR, QQQ ranks #49 by 3-year correlation. The last year tells two different stories: QQQ led by 28.3 percentage points, -2.0% for IR against +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.04 to 0.69. Risk is not evenly split, since IR carries 1.5 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.
IR vs QQQ: side by side
| IR (Ingersoll Rand) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.0% | +26.3% |
| 5-year return | +49.2% | +95.4% |
| Volatility (ann.) | 29.8% | 19.6% |
| Beta vs S&P 500 | 1.17 | 1.28 |
| Max drawdown (3Y) | -36.6% | -22.8% |
| Market cap | $30.6B | – |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 0.15% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | IR | QQQ |
|---|---|---|
| 2022 | -15.4% | -32.6% |
| 2023 | +48.2% | +54.9% |
| 2024 | +17.1% | +25.6% |
| 2025 | -12.3% | +20.8% |
| 2026 | -0.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IR and QQQ good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IR and QQQ?
As of 2026-08-27, the correlation of weekly returns between IR and QQQ is 0.45 over 3 years, 0.06 over 1 year and 0.51 over 5 years.
Is QQQ a good diversifier for IR?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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.
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Related comparisons
Hubs: IR correlations · QQQ correlations
