MASS vs QQQ: Correlation
908 Devices Inc. (MASS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MASS and QQQ?
Over the past 3 years, MASS and QQQ moved with a correlation of 0.26, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.43 versus 0.26 over 3 years. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 413.1 %².
QQQ is close to the least connected end of MASS's tracked universe, ranking #7 of 10. The last year tells two different stories: MASS led by 49.9 percentage points, +76.2% for MASS against +26.3% for QQQ. One caveat on sizing: MASS is 4.2 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.
MASS vs QQQ: side by side
| MASS (908 Devices Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +76.2% | +26.3% |
| 5-year return | -69.9% | +95.4% |
| Volatility (ann.) | 82.7% | 19.6% |
| Beta vs S&P 500 | 1.55 | 1.28 |
| Max drawdown (3Y) | -84.9% | -22.8% |
| Market cap | $0.5B | – |
| 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 | MASS | QQQ |
|---|---|---|
| 2022 | -70.5% | -32.6% |
| 2023 | +47.2% | +54.9% |
| 2024 | -80.4% | +25.6% |
| 2025 | +138.6% | +20.8% |
| 2026 | +111.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MASS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MASS and QQQ?
As of 2026-08-27, the correlation of weekly returns between MASS and QQQ is 0.26 over 3 years, 0.43 over 1 year and 0.34 over 5 years.
Is QQQ a good diversifier for MASS?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: MASS correlations · QQQ correlations
