IVZ vs QQQ: Correlation
How closely do Invesco (IVZ) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVZ and QQQ?
Over the past 3 years, IVZ and QQQ moved with a correlation of 0.48, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.48 over 3 years. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 304.2 %².
Among the 33 assets we track against IVZ, QQQ ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IVZ ahead by 29.6 points (+55.9% versus +26.3%). The rolling one-year correlation moved between 0.16 and 0.65 over the past three years, a moderate range. One caveat on sizing: IVZ is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IVZ vs QQQ: side by side
| IVZ (Invesco) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +55.9% | +26.3% |
| 5-year return | +63.7% | +95.4% |
| Volatility (ann.) | 32.6% | 19.6% |
| Beta vs S&P 500 | 1.29 | 1.28 |
| Max drawdown (3Y) | -36.5% | -22.8% |
| Market cap | $14.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.58% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | IVZ | QQQ |
|---|---|---|
| 2022 | -18.7% | -32.6% |
| 2023 | +4.2% | +54.9% |
| 2024 | +3.0% | +25.6% |
| 2025 | +56.9% | +20.8% |
| 2026 | +29.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVZ and QQQ good diversifiers for each other?
Reasonably. At 0.48, IVZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IVZ and QQQ?
The IVZ/QQQ correlation stands at 0.48 on a 3-year window (1 year: 0.59, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IVZ?
Reasonably. At 0.48, IVZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: IVZ correlations · QQQ correlations
