MTNB vs QQQ: Correlation
Matinas Biopharma Holdings, Inc. (MTNB) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTNB and QQQ?
On 3 years of weekly data the MTNB/QQQ correlation comes out at 0.21, weak. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 490.2 %².
Among the 10 assets we track against MTNB, QQQ sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with QQQ ahead by 116.2 points (-89.9% versus +26.3%). Risk is not evenly split, since MTNB carries 6.1 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.
MTNB vs QQQ: side by side
| MTNB (Matinas Biopharma Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -89.9% | +26.3% |
| 5-year return | -99.5% | +95.4% |
| Volatility (ann.) | 120.2% | 19.6% |
| Beta vs S&P 500 | 1.73 | 1.28 |
| Max drawdown (3Y) | -99.4% | -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 | MTNB | QQQ |
|---|---|---|
| 2022 | -50.5% | -32.6% |
| 2023 | -56.8% | +54.9% |
| 2024 | -95.3% | +25.6% |
| 2025 | +14.9% | +20.8% |
| 2026 | -65.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTNB and QQQ good diversifiers for each other?
Reasonably. At 0.21, MTNB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MTNB and QQQ?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with 0.26 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for MTNB?
Reasonably. At 0.21, MTNB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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: MTNB correlations · QQQ correlations
