MBLY vs QQQX: Correlation
How closely do Mobileye Global Inc. (MBLY) and Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund (QQQX) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBLY and QQQX?
Across a 3-year window, the weekly returns of MBLY and QQQX correlate at 0.43, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.43). Stretching to 5 years gives 0.42, with an annualized covariance of 500.0 %².
Few assets follow MBLY as closely as QQQX, which ranks #2 of 12 tracked partners. Their recent paths diverged sharply: over the last 12 months QQQX outperformed by 62.9 percentage points (-38.5% for MBLY against +24.4% for QQQX). Risk is not evenly split, since MBLY carries 3.6 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 QQQX: side by side
| MBLY (Mobileye Global Inc.) | QQQX (Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund) | |
|---|---|---|
| 1-year return | -38.5% | +24.4% |
| 5-year return | n/a | +51.0% |
| Volatility (ann.) | 64.4% | 18.1% |
| Beta vs S&P 500 | 1.71 | 1.09 |
| Max drawdown (3Y) | -85.1% | -22.8% |
| Market cap | $7.3B | $1.5B |
| P/E (trailing) | – | 8.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBLY | QQQX |
|---|---|---|
| 2022 | – | -27.4% |
| 2023 | +23.6% | +21.7% |
| 2024 | -54.0% | +25.6% |
| 2025 | -47.6% | +14.9% |
| 2026 | -17.5% | +13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBLY and QQQX good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MBLY and QQQX?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.55 over the last year and 0.42 over 5 years.
Is QQQX a good diversifier for MBLY?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mbly-vs-qqqx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mbly-vs-qqqx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MBLY correlations · QQQX correlations
