MBLY vs QQQ: Correlation
Mobileye Global Inc. (MBLY) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBLY and QQQ?
On 3 years of weekly data the MBLY/QQQ correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 505.8 %².
By 3-year correlation, QQQ places #6 of the 12 assets tracked against MBLY. Correlation aside, the last 12 months split them widely, with QQQ ahead by 64.8 points (-38.5% versus +26.3%). Risk is not evenly split, since MBLY carries 3.3 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.
MBLY vs QQQ: side by side
| MBLY (Mobileye Global Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -38.5% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 64.4% | 19.6% |
| Beta vs S&P 500 | 1.71 | 1.28 |
| Max drawdown (3Y) | -85.1% | -22.8% |
| Market cap | $7.3B | – |
| 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 | MBLY | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +23.6% | +54.9% |
| 2024 | -54.0% | +25.6% |
| 2025 | -47.6% | +20.8% |
| 2026 | -17.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBLY and QQQ good diversifiers for each other?
Reasonably. At 0.40, MBLY and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MBLY and QQQ?
As of 2026-08-27, the correlation of weekly returns between MBLY and QQQ is 0.40 over 3 years, 0.47 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for MBLY?
Reasonably. At 0.40, MBLY and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/mbly-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mbly-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBLY correlations · QQQ correlations
