MNDO vs QQQ: Correlation
How closely do MIND C.T.I. Ltd. (MNDO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.14, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDO and QQQ?
On 3 years of weekly data the MNDO/QQQ correlation comes out at 0.14, weak. The relationship has been stable: the 1-year correlation (0.07) sits close to the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 69.4 %².
Among the 14 assets we track against MNDO, QQQ ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 41.4 percentage points (-15.1% for MNDO against +26.3% for QQQ).
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.
MNDO vs QQQ: side by side
| MNDO (MIND C.T.I. Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -15.1% | +26.3% |
| 5-year return | -51.6% | +95.4% |
| Volatility (ann.) | 24.9% | 19.6% |
| Beta vs S&P 500 | 0.32 | 1.28 |
| Max drawdown (3Y) | -54.6% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 6.3 | – |
| 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 | MNDO | QQQ |
|---|---|---|
| 2022 | -26.5% | -32.6% |
| 2023 | +4.2% | +54.9% |
| 2024 | +13.1% | +25.6% |
| 2025 | -34.9% | +20.8% |
| 2026 | -12.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDO and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNDO and QQQ?
The MNDO/QQQ correlation stands at 0.14 on a 3-year window (1 year: 0.07, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MNDO?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
What does a correlation of 0.14 mean?
On the −1 to +1 scale, 0.14 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
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Related comparisons
Hubs: MNDO correlations · QQQ correlations
