MSLE vs QQQ: Correlation
Satellos Bioscience Inc. (MSLE) 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 MSLE and QQQ?
Over the past 3 years, MSLE and QQQ moved with a correlation of 0.13, which is weak. The past 12 months show a tighter link (0.27) than the 3-year average (0.13). Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 200.7 %².
QQQ is close to the least connected end of MSLE's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with MSLE ahead by 55.7 points (+82.0% versus +26.3%). Risk is not evenly split, since MSLE carries 4.1 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.
MSLE vs QQQ: side by side
| MSLE (Satellos Bioscience Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +82.0% | +26.3% |
| 5-year return | -36.4% | +95.4% |
| Volatility (ann.) | 80.3% | 19.6% |
| Beta vs S&P 500 | 0.86 | 1.28 |
| Max drawdown (3Y) | -57.0% | -22.8% |
| Market cap | $0.2B | – |
| 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 | MSLE | QQQ |
|---|---|---|
| 2022 | -78.8% | -32.6% |
| 2023 | +89.0% | +54.9% |
| 2024 | +81.5% | +25.6% |
| 2025 | -16.9% | +20.8% |
| 2026 | +63.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSLE and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, MSLE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MSLE and QQQ?
As of 2026-08-27, the correlation of weekly returns between MSLE and QQQ is 0.13 over 3 years, 0.27 over 1 year and 0.11 over 5 years.
Is QQQ a good diversifier for MSLE?
Yes. With a correlation of 0.13, MSLE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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
$ curl https://www.pairbook.io/api/v1/pairs/msle-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/msle-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MSLE correlations · QQQ correlations
