MGRX vs QQQ: Correlation
Mangoceuticals, Inc. (MGRX) and Invesco QQQ Trust (QQQ) show a negative relationship: their 3-year correlation of weekly returns is -0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGRX and QQQ?
Across a 3-year window, the weekly returns of MGRX and QQQ correlate at -0.12, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.11) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -405.5 %².
QQQ is close to the least connected end of MGRX's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 105.9 points (-79.6% versus +26.3%). One caveat on sizing: MGRX is 9.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MGRX vs QQQ: side by side
| MGRX (Mangoceuticals, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -79.6% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 178.7% | 19.6% |
| Beta vs S&P 500 | -1.27 | 1.28 |
| Max drawdown (3Y) | -99.1% | -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 | MGRX | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -41.8% | +25.6% |
| 2025 | -69.4% | +20.8% |
| 2026 | -45.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGRX and QQQ good diversifiers for each other?
Yes. With a correlation of -0.12, MGRX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MGRX and QQQ?
The MGRX/QQQ correlation stands at -0.12 on a 3-year window (1 year: -0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MGRX?
Yes. With a correlation of -0.12, MGRX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.12 mean?
A reading of -0.12 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: MGRX correlations · QQQ correlations
