ITP vs QQQ: Correlation
Measured on weekly returns over the past three years, IT Tech Packaging, Inc. (ITP) and Invesco QQQ Trust (QQQ) carry a correlation of -0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITP and QQQ?
Across a 3-year window, the weekly returns of ITP and QQQ correlate at -0.02, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.15 versus -0.02 over 3 years. Stretching to 5 years gives 0.05, with an annualized covariance of -35.0 %².
QQQ is close to the least connected end of ITP's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 36.1 percentage points, -9.8% for ITP against +26.3% for QQQ. Note the risk asymmetry: ITP runs 4.8 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.
ITP vs QQQ: side by side
| ITP (IT Tech Packaging, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.8% | +26.3% |
| 5-year return | -95.6% | +95.4% |
| Volatility (ann.) | 94.0% | 19.6% |
| Beta vs S&P 500 | 0.05 | 1.28 |
| Max drawdown (3Y) | -76.1% | -22.8% |
| Market cap | – | – |
| 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 | ITP | QQQ |
|---|---|---|
| 2022 | -80.0% | -32.6% |
| 2023 | -32.6% | +54.9% |
| 2024 | +93.5% | +25.6% |
| 2025 | -63.3% | +20.8% |
| 2026 | -18.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITP and QQQ good diversifiers for each other?
Yes. With a correlation of -0.02, ITP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ITP and QQQ?
Using weekly returns as of 2026-08-27: -0.02 over 3 years, with 0.15 over the last year and 0.05 over 5 years.
Is QQQ a good diversifier for ITP?
Yes. With a correlation of -0.02, ITP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.02 mean?
On the −1 to +1 scale, -0.02 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/itp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: ITP correlations · QQQ correlations
