IRDM vs QQQ: Correlation
Measured on weekly returns over the past three years, Iridium Communications Inc (IRDM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRDM and QQQ?
On 3 years of weekly data the IRDM/QQQ correlation comes out at 0.22, weak. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 214.1 %².
Out of 12 assets tracked against IRDM, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with IRDM ahead by 69.1 points (+95.4% versus +26.3%). Risk is not evenly split, since IRDM carries 2.5 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.
IRDM vs QQQ: side by side
| IRDM (Iridium Communications Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +95.4% | +26.3% |
| 5-year return | +8.5% | +95.4% |
| Volatility (ann.) | 49.3% | 19.6% |
| Beta vs S&P 500 | 0.85 | 1.28 |
| Max drawdown (3Y) | -67.5% | -22.8% |
| Market cap | $5.0B | – |
| P/E (trailing) | 54.1 | – |
| Dividend yield | 1.27% | 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 | IRDM | QQQ |
|---|---|---|
| 2022 | +24.5% | -32.6% |
| 2023 | -19.1% | +54.9% |
| 2024 | -28.1% | +25.6% |
| 2025 | -38.5% | +20.8% |
| 2026 | +176.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRDM and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IRDM and QQQ?
The IRDM/QQQ correlation stands at 0.22 on a 3-year window (1 year: 0.28, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IRDM?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 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/irdm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/irdm-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IRDM correlations · QQQ correlations
