ITRN vs QQQ: Correlation
Measured on weekly returns over the past three years, Ituran Location and Control Ltd. (ITRN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITRN and QQQ?
Across a 3-year window, the weekly returns of ITRN and QQQ correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 213.0 %².
Among the 11 assets we track against ITRN, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: ITRN led by 26.0 percentage points, +52.3% for ITRN against +26.3% for QQQ.
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.
ITRN vs QQQ: side by side
| ITRN (Ituran Location and Control Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +52.3% | +26.3% |
| 5-year return | +146.4% | +95.4% |
| Volatility (ann.) | 29.1% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -26.8% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 16.1 | – |
| 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 | ITRN | QQQ |
|---|---|---|
| 2022 | -18.8% | -32.6% |
| 2023 | +32.5% | +54.9% |
| 2024 | +21.0% | +25.6% |
| 2025 | +45.6% | +20.8% |
| 2026 | +25.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITRN and QQQ good diversifiers for each other?
Reasonably. At 0.37, ITRN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ITRN and QQQ?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.39 over the last year and 0.41 over 5 years.
Is QQQ a good diversifier for ITRN?
Reasonably. At 0.37, ITRN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/itrn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/itrn-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITRN correlations · QQQ correlations
