MYO vs QQQ: Correlation
How closely do Myomo Inc. (MYO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYO and QQQ?
On 3 years of weekly data the MYO/QQQ correlation comes out at 0.27, weak. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 530.6 %².
Among the 10 assets we track against MYO, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: MYO led by 21.9 percentage points, +48.2% for MYO against +26.3% for QQQ. Note the risk asymmetry: MYO runs 5.1 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.
MYO vs QQQ: side by side
| MYO (Myomo Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +48.2% | +26.3% |
| 5-year return | -84.2% | +95.4% |
| Volatility (ann.) | 99.7% | 19.6% |
| Beta vs S&P 500 | 1.92 | 1.28 |
| Max drawdown (3Y) | -90.8% | -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 | MYO | QQQ |
|---|---|---|
| 2022 | -92.5% | -32.6% |
| 2023 | +880.4% | +54.9% |
| 2024 | +28.5% | +25.6% |
| 2025 | -85.9% | +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 MYO and QQQ good diversifiers for each other?
Reasonably. At 0.27, MYO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MYO and QQQ?
As of 2026-08-27, the correlation of weekly returns between MYO and QQQ is 0.27 over 3 years, 0.33 over 1 year and 0.24 over 5 years.
Is QQQ a good diversifier for MYO?
Reasonably. At 0.27, MYO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 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.
Use this data
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Related comparisons
Hubs: MYO correlations · QQQ correlations
