LOAN vs QQQ: Correlation
Manhattan Bridge Capital, Inc (LOAN) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAN and QQQ?
On 3 years of weekly data the LOAN/QQQ correlation comes out at -0.00, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.06 lands near the 3-year figure. The 5-year figure is 0.12, and annualized covariance runs at -0.1 %².
QQQ is close to the least connected end of LOAN's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 43.3 percentage points (-17.0% for LOAN against +26.3% for QQQ).
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.
LOAN vs QQQ: side by side
| LOAN (Manhattan Bridge Capital, Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -17.0% | +26.3% |
| 5-year return | -1.5% | +95.4% |
| Volatility (ann.) | 22.8% | 19.6% |
| Beta vs S&P 500 | 0.07 | 1.28 |
| Max drawdown (3Y) | -24.8% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 9.7 | – |
| Dividend yield | 11.17% | 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 | LOAN | QQQ |
|---|---|---|
| 2022 | +5.7% | -32.6% |
| 2023 | +2.2% | +54.9% |
| 2024 | +22.5% | +25.6% |
| 2025 | -9.4% | +20.8% |
| 2026 | -8.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAN and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.00 means the two rarely move for the same reasons.
FAQ
What is the correlation between LOAN and QQQ?
As of 2026-08-27, the correlation of weekly returns between LOAN and QQQ is -0.00 over 3 years, 0.06 over 1 year and 0.12 over 5 years.
Is QQQ a good diversifier for LOAN?
By historical standards, yes. A correlation of -0.00 means the two rarely move for the same reasons.
What does a correlation of -0.00 mean?
On the −1 to +1 scale, -0.00 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/loan-vs-qqq.json
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Related comparisons
Hubs: LOAN correlations · QQQ correlations
