MRAM vs QQQ: Correlation
Measured on weekly returns over the past three years, Everspin Technologies, Inc. (MRAM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRAM and QQQ?
On 3 years of weekly data the MRAM/QQQ correlation comes out at 0.37, moderate. The link has tightened recently: the 1-year correlation (0.48) runs above the 3-year figure (0.37). The 5-year figure is 0.40, and annualized covariance runs at 509.3 %².
Within MRAM's tracked universe of 22 assets, QQQ comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MRAM outperformed by 146.9 percentage points (+173.2% for MRAM against +26.3% for QQQ). One caveat on sizing: MRAM is 3.5 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.
MRAM vs QQQ: side by side
| MRAM (Everspin Technologies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +173.2% | +26.3% |
| 5-year return | +134.7% | +95.4% |
| Volatility (ann.) | 69.5% | 19.6% |
| Beta vs S&P 500 | 1.58 | 1.28 |
| Max drawdown (3Y) | -70.6% | -22.8% |
| Market cap | $0.4B | – |
| 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 | MRAM | QQQ |
|---|---|---|
| 2022 | -50.8% | -32.6% |
| 2023 | +62.6% | +54.9% |
| 2024 | -29.3% | +25.6% |
| 2025 | +45.2% | +20.8% |
| 2026 | +88.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRAM and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MRAM and QQQ?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.48 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for MRAM?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/mram-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mram-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRAM correlations · QQQ correlations
