MBOT vs QQQ: Correlation
Measured on weekly returns over the past three years, Microbot Medical Inc. (MBOT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBOT and QQQ?
Over the past 3 years, MBOT and QQQ moved with a correlation of 0.28, which is weak. Recent behaviour matches the longer record: 0.24 over 1 year against 0.28 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 521.8 %².
Out of 19 assets tracked against MBOT, QQQ lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with QQQ ahead by 89.4 points (-63.1% versus +26.3%). Risk is not evenly split, since MBOT carries 4.9 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.
MBOT vs QQQ: side by side
| MBOT (Microbot Medical Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -63.1% | +26.3% |
| 5-year return | -79.9% | +95.4% |
| Volatility (ann.) | 97.0% | 19.6% |
| Beta vs S&P 500 | 1.83 | 1.28 |
| Max drawdown (3Y) | -67.3% | -22.8% |
| Market cap | $0.1B | – |
| 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 | MBOT | QQQ |
|---|---|---|
| 2022 | -59.9% | -32.6% |
| 2023 | -45.5% | +54.9% |
| 2024 | -31.7% | +25.6% |
| 2025 | +78.6% | +20.8% |
| 2026 | -25.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBOT and QQQ good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MBOT and QQQ?
As of 2026-08-27, the correlation of weekly returns between MBOT and QQQ is 0.28 over 3 years, 0.24 over 1 year and 0.27 over 5 years.
Is QQQ a good diversifier for MBOT?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 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/mbot-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mbot-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBOT correlations · QQQ correlations
