IRD vs QQQ: Correlation
Measured on weekly returns over the past three years, Opus Genetics, Inc. (IRD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRD and QQQ?
Across a 3-year window, the weekly returns of IRD and QQQ correlate at 0.11, weak. Little has changed lately, as the 1-year reading of 0.09 lands near the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 160.0 %².
Among the 10 assets we track against IRD, QQQ sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with IRD ahead by 194.5 points (+220.8% versus +26.3%). One caveat on sizing: IRD is 3.6 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.
IRD vs QQQ: side by side
| IRD (Opus Genetics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +220.8% | +26.3% |
| 5-year return | -11.9% | +95.4% |
| Volatility (ann.) | 71.4% | 19.6% |
| Beta vs S&P 500 | 0.63 | 1.28 |
| Max drawdown (3Y) | -82.6% | -22.8% |
| Market cap | $0.3B | – |
| 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 | IRD | QQQ |
|---|---|---|
| 2022 | -5.4% | -32.6% |
| 2023 | -14.7% | +54.9% |
| 2024 | -60.5% | +25.6% |
| 2025 | +68.9% | +20.8% |
| 2026 | +91.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRD and QQQ good diversifiers for each other?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IRD and QQQ?
The IRD/QQQ correlation stands at 0.11 on a 3-year window (1 year: 0.09, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IRD?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.11 mean?
A reading of 0.11 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/ird-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ird-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IRD correlations · QQQ correlations
