ITRI vs QQQ: Correlation
Itron, Inc. (ITRI) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITRI and QQQ?
On 3 years of weekly data the ITRI/QQQ correlation comes out at 0.33, moderate. The past 12 months show a weaker link (0.14) than the 3-year average (0.33). The 5-year figure is 0.44, and annualized covariance runs at 254.0 %².
Among the 21 assets we track against ITRI, QQQ sits near the bottom by co-movement, at rank #17. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 46.2 percentage points (-19.9% for ITRI against +26.3% for QQQ). Note the risk asymmetry: ITRI runs 2.0 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.
ITRI vs QQQ: side by side
| ITRI (Itron, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -19.9% | +26.3% |
| 5-year return | +17.0% | +95.4% |
| Volatility (ann.) | 38.9% | 19.6% |
| Beta vs S&P 500 | 1.14 | 1.28 |
| Max drawdown (3Y) | -43.6% | -22.8% |
| Market cap | $4.3B | – |
| P/E (trailing) | 16.5 | – |
| 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 | ITRI | QQQ |
|---|---|---|
| 2022 | -26.1% | -32.6% |
| 2023 | +49.1% | +54.9% |
| 2024 | +43.8% | +25.6% |
| 2025 | -14.5% | +20.8% |
| 2026 | +6.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITRI and QQQ good diversifiers for each other?
Reasonably. At 0.33, ITRI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ITRI and QQQ?
As of 2026-08-27, the correlation of weekly returns between ITRI and QQQ is 0.33 over 3 years, 0.14 over 1 year and 0.44 over 5 years.
Is QQQ a good diversifier for ITRI?
Reasonably. At 0.33, ITRI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/itri-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/itri-vs-qqq/)
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Related comparisons
Hubs: ITRI correlations · QQQ correlations
