MOVE vs QQQ: Correlation
Corvex, Inc. (MOVE) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOVE and QQQ?
Across a 3-year window, the weekly returns of MOVE and QQQ correlate at 0.13, weak. Little has changed lately, as the 1-year reading of 0.04 lands near the 3-year figure. Stretching to 5 years gives 0.14, with an annualized covariance of 409.5 %².
Among the 12 assets we track against MOVE, QQQ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: MOVE led by 117.4 percentage points, +143.7% for MOVE against +26.3% for QQQ. Risk is not evenly split, since MOVE carries 8.1 times the volatility of the other side.
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.
MOVE vs QQQ: side by side
| MOVE (Corvex, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +143.7% | +26.3% |
| 5-year return | -97.6% | +95.4% |
| Volatility (ann.) | 159.1% | 19.6% |
| Beta vs S&P 500 | 1.58 | 1.28 |
| Max drawdown (3Y) | -97.5% | -22.8% |
| Market cap | $0.3B | – |
| 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 | MOVE | QQQ |
|---|---|---|
| 2022 | -65.8% | -32.6% |
| 2023 | -39.9% | +54.9% |
| 2024 | -53.9% | +25.6% |
| 2025 | -84.6% | +20.8% |
| 2026 | +82.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOVE and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, MOVE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOVE and QQQ?
The MOVE/QQQ correlation stands at 0.13 on a 3-year window (1 year: 0.04, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MOVE?
Yes. With a correlation of 0.13, MOVE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
A reading of 0.13 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/move-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/move-vs-qqq/)
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Related comparisons
Hubs: MOVE correlations · QQQ correlations
