MIND vs QQQ: Correlation
Measured on weekly returns over the past three years, MIND Technology, Inc. (MIND) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIND and QQQ?
Over the past 3 years, MIND and QQQ moved with a correlation of 0.19, which is weak. The past 12 months show a weaker link (0.01) than the 3-year average (0.19). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 297.5 %².
By 3-year correlation, QQQ places #8 of the 15 assets tracked against MIND. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 82.2 percentage points (-55.9% for MIND against +26.3% for QQQ). Note the risk asymmetry: MIND runs 4.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MIND vs QQQ: side by side
| MIND (MIND Technology, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -55.9% | +26.3% |
| 5-year return | -77.3% | +95.4% |
| Volatility (ann.) | 79.5% | 19.6% |
| Beta vs S&P 500 | 0.91 | 1.28 |
| Max drawdown (3Y) | -70.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 27.8 | – |
| 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 | MIND | QQQ |
|---|---|---|
| 2022 | -72.8% | -32.6% |
| 2023 | +43.3% | +54.9% |
| 2024 | +20.5% | +25.6% |
| 2025 | +10.7% | +20.8% |
| 2026 | -49.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIND and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MIND and QQQ?
As of 2026-08-27, the correlation of weekly returns between MIND and QQQ is 0.19 over 3 years, 0.01 over 1 year and 0.19 over 5 years.
Is QQQ a good diversifier for MIND?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 mean?
A reading of 0.19 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
$ curl https://www.pairbook.io/api/v1/pairs/mind-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mind-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MIND correlations · QQQ correlations
