MVIS vs QQQ: Correlation
MicroVision, Inc. (MVIS) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MVIS and QQQ?
Across a 3-year window, the weekly returns of MVIS and QQQ correlate at 0.03, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.03 lands near the 3-year figure. Stretching to 5 years gives 0.05, with an annualized covariance of 497.1 %².
Among the 10 assets we track against MVIS, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months MVIS outperformed by 41.6 percentage points (+67.9% for MVIS against +26.3% for QQQ). Note the risk asymmetry: MVIS runs 45.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MVIS vs QQQ: side by side
| MVIS (MicroVision, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +67.9% | +26.3% |
| 5-year return | -87.1% | +95.4% |
| Volatility (ann.) | 882.4% | 19.6% |
| Beta vs S&P 500 | 3.46 | 1.28 |
| Max drawdown (3Y) | -95.3% | -22.8% |
| Market cap | $0.1B | – |
| 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 | MVIS | QQQ |
|---|---|---|
| 2022 | -53.1% | -32.6% |
| 2023 | +13.2% | +54.9% |
| 2024 | -50.8% | +25.6% |
| 2025 | -36.6% | +20.8% |
| 2026 | +126.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MVIS and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between MVIS and QQQ?
Using weekly returns as of 2026-08-27: 0.03 over 3 years, with 0.03 over the last year and 0.05 over 5 years.
Is QQQ a good diversifier for MVIS?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: MVIS correlations · QQQ correlations
