ENLV vs QQQ: Correlation
Measured on weekly returns over the past three years, Enlivex Ltd. (ENLV) and Invesco QQQ Trust (QQQ) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENLV and QQQ?
Across a 3-year window, the weekly returns of ENLV and QQQ correlate at 0.13, weak. The relationship has been stable: the 1-year correlation (0.15) sits close to the 3-year figure. Stretching to 5 years gives 0.17, with an annualized covariance of 276.8 %².
Among the 13 assets we track against ENLV, QQQ ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 117.3 points (-91.0% versus +26.3%). Risk is not evenly split, since ENLV carries 5.7 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.
ENLV vs QQQ: side by side
| ENLV (Enlivex Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -91.0% | +26.3% |
| 5-year return | -99.2% | +95.4% |
| Volatility (ann.) | 111.4% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -97.7% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| 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 | ENLV | QQQ |
|---|---|---|
| 2022 | -37.0% | -32.6% |
| 2023 | -31.4% | +54.9% |
| 2024 | -56.7% | +25.6% |
| 2025 | -39.9% | +20.8% |
| 2026 | -86.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENLV and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, ENLV and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENLV and QQQ?
As of 2026-08-27, the correlation of weekly returns between ENLV and QQQ is 0.13 over 3 years, 0.15 over 1 year and 0.17 over 5 years.
Is QQQ a good diversifier for ENLV?
Yes. With a correlation of 0.13, ENLV and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
A reading of 0.13 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/enlv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/enlv-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENLV correlations · QQQ correlations
