MODD vs QQQ: Correlation
How closely do Modular Medical, Inc. (MODD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MODD and QQQ?
Over the past 3 years, MODD and QQQ moved with a correlation of 0.17, which is weak. The relationship has been stable: the 1-year correlation (0.22) sits close to the 3-year figure. Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is 265.4 %².
Out of 10 assets tracked against MODD, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 110.1 percentage points (-83.8% for MODD against +26.3% for QQQ). One caveat on sizing: MODD is 4.2 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.
MODD vs QQQ: side by side
| MODD (Modular Medical, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -83.8% | +26.3% |
| 5-year return | -96.8% | +95.4% |
| Volatility (ann.) | 81.8% | 19.6% |
| Beta vs S&P 500 | 1.03 | 1.28 |
| Max drawdown (3Y) | -97.4% | -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 | MODD | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -9.0% | +54.9% |
| 2024 | -24.7% | +25.6% |
| 2025 | -73.4% | +20.8% |
| 2026 | -66.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MODD and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between MODD and QQQ?
As of 2026-08-27, the correlation of weekly returns between MODD and QQQ is 0.17 over 3 years, 0.22 over 1 year and 0.04 over 5 years.
Is QQQ a good diversifier for MODD?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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: MODD correlations · QQQ correlations
