NCEL vs QQQ: Correlation
Measured on weekly returns over the past three years, NewcelX Ltd. (NCEL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCEL and QQQ?
Across a 3-year window, the weekly returns of NCEL and QQQ correlate at 0.08, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.26) runs above the 3-year figure (0.08). Stretching to 5 years gives 0.10, with an annualized covariance of 191.2 %².
QQQ is close to the least connected end of NCEL's tracked universe, ranking #6 of 10. The last year tells two different stories: QQQ led by 110.9 percentage points, -84.6% for NCEL against +26.3% for QQQ. Risk is not evenly split, since NCEL 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.
NCEL vs QQQ: side by side
| NCEL (NewcelX Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -84.6% | +26.3% |
| 5-year return | -99.6% | +95.4% |
| Volatility (ann.) | 118.9% | 19.6% |
| Beta vs S&P 500 | 0.68 | 1.28 |
| Max drawdown (3Y) | -99.6% | -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 | NCEL | QQQ |
|---|---|---|
| 2022 | +16.2% | -32.6% |
| 2023 | -54.3% | +54.9% |
| 2024 | -91.1% | +25.6% |
| 2025 | -91.0% | +20.8% |
| 2026 | +80.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCEL and QQQ good diversifiers for each other?
Yes. With a correlation of 0.08, NCEL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NCEL and QQQ?
The NCEL/QQQ correlation stands at 0.08 on a 3-year window (1 year: 0.26, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NCEL?
Yes. With a correlation of 0.08, NCEL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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/ncel-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ncel-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NCEL correlations · QQQ correlations
