MNPR vs QQQ: Correlation
How closely do Monopar Therapeutics Inc. (MNPR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNPR and QQQ?
Across a 3-year window, the weekly returns of MNPR and QQQ correlate at 0.12, weak. Recent behaviour matches the longer record: 0.13 over 1 year against 0.12 over 3. Stretching to 5 years gives 0.08, with an annualized covariance of 534.5 %².
Among the 16 assets we track against MNPR, QQQ ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MNPR ahead by 201.0 points (+227.3% versus +26.3%). One caveat on sizing: MNPR is 11.5 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.
MNPR vs QQQ: side by side
| MNPR (Monopar Therapeutics Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +227.3% | +26.3% |
| 5-year return | +365.1% | +95.4% |
| Volatility (ann.) | 225.0% | 19.6% |
| Beta vs S&P 500 | 1.74 | 1.28 |
| Max drawdown (3Y) | -67.3% | -22.8% |
| Market cap | $0.8B | – |
| 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 | MNPR | QQQ |
|---|---|---|
| 2022 | -26.2% | -32.6% |
| 2023 | -85.7% | +54.9% |
| 2024 | +1194.1% | +25.6% |
| 2025 | +196.8% | +20.8% |
| 2026 | +74.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNPR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.12, MNPR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNPR and QQQ?
The MNPR/QQQ correlation stands at 0.12 on a 3-year window (1 year: 0.13, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MNPR?
Yes. With a correlation of 0.12, MNPR 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
$ curl https://www.pairbook.io/api/v1/pairs/mnpr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mnpr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNPR correlations · QQQ correlations
