MBIO vs QQQ: Correlation
Measured on weekly returns over the past three years, Mustang Bio, Inc. (MBIO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBIO and QQQ?
Across a 3-year window, the weekly returns of MBIO and QQQ correlate at 0.08, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.38) runs above the 3-year figure (0.08). Stretching to 5 years gives 0.14, with an annualized covariance of 345.3 %².
Out of 10 assets tracked against MBIO, QQQ lands near the bottom at #6. The last year tells two different stories: QQQ led by 90.3 percentage points, -64.0% for MBIO against +26.3% for QQQ. Risk is not evenly split, since MBIO carries 11.4 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.
MBIO vs QQQ: side by side
| MBIO (Mustang Bio, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -64.0% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 222.7% | 19.6% |
| Beta vs S&P 500 | 1.27 | 1.28 |
| Max drawdown (3Y) | -99.7% | -22.8% |
| Market cap | – | – |
| 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 | MBIO | QQQ |
|---|---|---|
| 2022 | -76.2% | -32.6% |
| 2023 | -77.2% | +54.9% |
| 2024 | -86.9% | +25.6% |
| 2025 | -88.9% | +20.8% |
| 2026 | -43.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBIO and QQQ good diversifiers for each other?
Yes. With a correlation of 0.08, MBIO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MBIO and QQQ?
Using weekly returns as of 2026-08-27: 0.08 over 3 years, with 0.38 over the last year and 0.14 over 5 years.
Is QQQ a good diversifier for MBIO?
Yes. With a correlation of 0.08, MBIO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.08 mean?
A reading of 0.08 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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Related comparisons
Hubs: MBIO correlations · QQQ correlations
