IVA vs QQQ: Correlation
How closely do Inventiva S.A. - American Depository Shares (IVA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVA and QQQ?
Over the past 3 years, IVA and QQQ moved with a correlation of 0.02, which is near zero, meaning they move largely independently. The past 12 months show a tighter link (0.13) than the 3-year average (0.02). Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 31.5 %².
Among the 10 assets we track against IVA, QQQ sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 32.6 points (-6.3% versus +26.3%). Risk is not evenly split, since IVA carries 3.6 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.
IVA vs QQQ: side by side
| IVA (Inventiva S.A. - American Depository Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -6.3% | +26.3% |
| 5-year return | -60.4% | +95.4% |
| Volatility (ann.) | 69.9% | 19.6% |
| Beta vs S&P 500 | 0.38 | 1.28 |
| Max drawdown (3Y) | -64.9% | -22.8% |
| Market cap | $1.2B | – |
| 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 | IVA | QQQ |
|---|---|---|
| 2022 | -67.3% | -32.6% |
| 2023 | +1.3% | +54.9% |
| 2024 | -52.6% | +25.6% |
| 2025 | +117.3% | +20.8% |
| 2026 | +5.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between IVA and QQQ?
Using weekly returns as of 2026-08-27: 0.02 over 3 years, with 0.13 over the last year and 0.15 over 5 years.
Is QQQ a good diversifier for IVA?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: IVA correlations · QQQ correlations
