IVVD vs QQQ: Correlation
How closely do Invivyd, Inc. (IVVD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.10, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVVD and QQQ?
Across a 3-year window, the weekly returns of IVVD and QQQ correlate at 0.10, weak. The relationship has been stable: the 1-year correlation (0.12) sits close to the 3-year figure. Stretching to 5 years gives 0.10, with an annualized covariance of 589.4 %².
Among the 24 assets we track against IVVD, QQQ ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 23.0 points (+3.3% versus +26.3%). Note the risk asymmetry: IVVD runs 15.6 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.
IVVD vs QQQ: side by side
| IVVD (Invivyd, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.3% | +26.3% |
| 5-year return | -97.2% | +95.4% |
| Volatility (ann.) | 305.9% | 19.6% |
| Beta vs S&P 500 | 1.87 | 1.28 |
| Max drawdown (3Y) | -92.9% | -22.8% |
| Market cap | $0.3B | – |
| 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 | IVVD | QQQ |
|---|---|---|
| 2022 | -79.3% | -32.6% |
| 2023 | +162.7% | +54.9% |
| 2024 | -88.8% | +25.6% |
| 2025 | +457.6% | +20.8% |
| 2026 | -63.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVVD and QQQ good diversifiers for each other?
Yes. With a correlation of 0.10, IVVD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IVVD and QQQ?
The IVVD/QQQ correlation stands at 0.10 on a 3-year window (1 year: 0.12, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IVVD?
Yes. With a correlation of 0.10, IVVD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.10 mean?
On the −1 to +1 scale, 0.10 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: IVVD correlations · QQQ correlations
