MOV vs QQQ: Correlation
How closely do Movado Group Inc. (MOV) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOV and QQQ?
On 3 years of weekly data the MOV/QQQ correlation comes out at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 287.4 %².
Among the 18 assets we track against MOV, QQQ ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MOV outperformed by 82.9 percentage points (+109.2% for MOV against +26.3% for QQQ). One caveat on sizing: MOV is 2.0 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.
MOV vs QQQ: side by side
| MOV (Movado Group Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +109.2% | +26.3% |
| 5-year return | +29.6% | +95.4% |
| Volatility (ann.) | 39.1% | 19.6% |
| Beta vs S&P 500 | 1.15 | 1.28 |
| Max drawdown (3Y) | -55.1% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 19.4 | – |
| Dividend yield | 2.00% | 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 | MOV | QQQ |
|---|---|---|
| 2022 | -19.7% | -32.6% |
| 2023 | +2.0% | +54.9% |
| 2024 | -30.6% | +25.6% |
| 2025 | +13.9% | +20.8% |
| 2026 | +71.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOV and QQQ good diversifiers for each other?
Reasonably. At 0.38, MOV and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MOV and QQQ?
As of 2026-08-27, the correlation of weekly returns between MOV and QQQ is 0.38 over 3 years, 0.34 over 1 year and 0.39 over 5 years.
Is QQQ a good diversifier for MOV?
Reasonably. At 0.38, MOV and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MOV correlations · QQQ correlations
