MNDR vs QQQ: Correlation
Mobile-health Network Solutions - Class A (MNDR) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNDR and QQQ?
Across a 3-year window, the weekly returns of MNDR and QQQ correlate at -0.05, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -171.2 %².
Among the 40 assets we track against MNDR, QQQ ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 121.2 points (-94.9% versus +26.3%). One caveat on sizing: MNDR is 8.3 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.
MNDR vs QQQ: side by side
| MNDR (Mobile-health Network Solutions - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -94.9% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 161.8% | 19.6% |
| Beta vs S&P 500 | -0.61 | 1.28 |
| Max drawdown (3Y) | -100.0% | -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 | MNDR | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -93.0% | +20.8% |
| 2026 | -68.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNDR and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between MNDR and QQQ?
The MNDR/QQQ correlation stands at -0.05 on a 3-year window (1 year: -0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MNDR?
By historical standards, yes. A correlation of -0.05 means the two rarely move for the same reasons.
What does a correlation of -0.05 mean?
On the −1 to +1 scale, -0.05 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: MNDR correlations · QQQ correlations
