NEOG vs QQQ: Correlation
Measured on weekly returns over the past three years, Neogen Corporation (NEOG) and Invesco QQQ Trust (QQQ) carry a correlation of 0.20, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEOG and QQQ?
On 3 years of weekly data the NEOG/QQQ correlation comes out at 0.20, weak. The past 12 months show a weaker link (0.09) than the 3-year average (0.20). The 5-year figure is 0.33, and annualized covariance runs at 230.6 %².
Out of 13 assets tracked against NEOG, QQQ lands near the bottom at #9. The last year tells two different stories: NEOG led by 78.2 percentage points, +104.5% for NEOG against +26.3% for QQQ. Risk is not evenly split, since NEOG carries 2.9 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.
NEOG vs QQQ: side by side
| NEOG (Neogen Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +104.5% | +26.3% |
| 5-year return | -73.2% | +95.4% |
| Volatility (ann.) | 57.8% | 19.6% |
| Beta vs S&P 500 | 1.11 | 1.28 |
| Max drawdown (3Y) | -81.2% | -22.8% |
| Market cap | $2.6B | – |
| 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 | NEOG | QQQ |
|---|---|---|
| 2022 | -66.5% | -32.6% |
| 2023 | +32.0% | +54.9% |
| 2024 | -39.6% | +25.6% |
| 2025 | -42.4% | +20.8% |
| 2026 | +68.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEOG and QQQ good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NEOG and QQQ?
As of 2026-08-27, the correlation of weekly returns between NEOG and QQQ is 0.20 over 3 years, 0.09 over 1 year and 0.33 over 5 years.
Is QQQ a good diversifier for NEOG?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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.
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Related comparisons
Hubs: NEOG correlations · QQQ correlations
