IVR vs QQQ: Correlation
INVESCO MORTGAGE CAPITAL INC (IVR) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVR and QQQ?
Across a 3-year window, the weekly returns of IVR and QQQ correlate at 0.34, moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.34). Stretching to 5 years gives 0.44, with an annualized covariance of 196.3 %².
Among the 14 assets we track against IVR, QQQ sits near the bottom by co-movement, at rank #11. Over the last 12 months QQQ came out ahead by 8.6 percentage points (+17.7% against +26.3%). Note the risk asymmetry: IVR runs 1.5 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.
IVR vs QQQ: side by side
| IVR (INVESCO MORTGAGE CAPITAL INC) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.7% | +26.3% |
| 5-year return | -40.5% | +95.4% |
| Volatility (ann.) | 29.8% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -41.4% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 4.7 | – |
| Dividend yield | 19.27% | 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 | IVR | QQQ |
|---|---|---|
| 2022 | -44.6% | -32.6% |
| 2023 | -14.3% | +54.9% |
| 2024 | +9.0% | +25.6% |
| 2025 | +24.9% | +20.8% |
| 2026 | -0.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IVR and QQQ?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.12 over the last year and 0.44 over 5 years.
Is QQQ a good diversifier for IVR?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IVR correlations · QQQ correlations
