ITGR vs QQQ: Correlation
Measured on weekly returns over the past three years, Integer Holdings Corporation (ITGR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITGR and QQQ?
Over the past 3 years, ITGR and QQQ moved with a correlation of 0.19, which is weak. The link has loosened recently: the 1-year correlation (-0.05) runs below the 3-year figure (0.19). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 127.2 %².
Within ITGR's tracked universe of 14 assets, QQQ comes in at #7 by 3-year correlation. The trailing year gives QQQ the advantage: +15.9% versus +26.3%, a 10.4-point spread. Note the risk asymmetry: ITGR runs 1.7 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.
ITGR vs QQQ: side by side
| ITGR (Integer Holdings Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.9% | +26.3% |
| 5-year return | +28.7% | +95.4% |
| Volatility (ann.) | 33.7% | 19.6% |
| Beta vs S&P 500 | 0.56 | 1.28 |
| Max drawdown (3Y) | -56.1% | -22.8% |
| Market cap | $4.3B | – |
| P/E (trailing) | 34.2 | – |
| 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 | ITGR | QQQ |
|---|---|---|
| 2022 | -20.0% | -32.6% |
| 2023 | +44.7% | +54.9% |
| 2024 | +33.8% | +25.6% |
| 2025 | -40.8% | +20.8% |
| 2026 | +59.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITGR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, ITGR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ITGR and QQQ?
The ITGR/QQQ correlation stands at 0.19 on a 3-year window (1 year: -0.05, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ITGR?
Yes. With a correlation of 0.19, ITGR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 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/itgr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/itgr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITGR correlations · QQQ correlations
