MBAI vs QQQ: Correlation
How closely do Check-Cap Ltd. (MBAI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.04, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBAI and QQQ?
Across a 3-year window, the weekly returns of MBAI and QQQ correlate at 0.04, 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. Stretching to 5 years gives 0.07, with an annualized covariance of 403.7 %².
Within MBAI's tracked universe of 26 assets, QQQ comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MBAI ahead by 884.5 points (+910.8% versus +26.3%). Note the risk asymmetry: MBAI runs 24.2 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.
MBAI vs QQQ: side by side
| MBAI (Check-Cap Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +910.8% | +26.3% |
| 5-year return | -69.3% | +95.4% |
| Volatility (ann.) | 474.4% | 19.6% |
| Beta vs S&P 500 | 1.76 | 1.28 |
| Max drawdown (3Y) | -87.3% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 1.4 | – |
| 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 | MBAI | QQQ |
|---|---|---|
| 2022 | -83.7% | -32.6% |
| 2023 | -5.5% | +54.9% |
| 2024 | -52.4% | +25.6% |
| 2025 | +63.6% | +20.8% |
| 2026 | +305.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBAI and QQQ good diversifiers for each other?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MBAI and QQQ?
Using weekly returns as of 2026-08-27: 0.04 over 3 years, with 0.06 over the last year and 0.07 over 5 years.
Is QQQ a good diversifier for MBAI?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.04 mean?
On the −1 to +1 scale, 0.04 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/mbai-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mbai-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBAI correlations · QQQ correlations
