NEOV vs QQQ: Correlation
NeoVolta Inc. (NEOV) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEOV and QQQ?
Across a 3-year window, the weekly returns of NEOV and QQQ correlate at 0.20, weak. The relationship has been stable: the 1-year correlation (0.14) sits close to the 3-year figure. Stretching to 5 years gives 0.16, with an annualized covariance of 434.2 %².
Among the 14 assets we track against NEOV, QQQ ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 24.9 points (+1.4% versus +26.3%). Risk is not evenly split, since NEOV carries 5.7 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.
NEOV vs QQQ: side by side
| NEOV (NeoVolta Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.4% | +26.3% |
| 5-year return | -45.4% | +95.4% |
| Volatility (ann.) | 111.0% | 19.6% |
| Beta vs S&P 500 | 1.32 | 1.28 |
| Max drawdown (3Y) | -79.4% | -22.8% |
| Market cap | $0.2B | – |
| 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 | NEOV | QQQ |
|---|---|---|
| 2022 | -60.2% | -32.6% |
| 2023 | -42.7% | +54.9% |
| 2024 | +225.6% | +25.6% |
| 2025 | -41.7% | +20.8% |
| 2026 | +16.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEOV and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NEOV and QQQ?
Using weekly returns as of 2026-08-27: 0.20 over 3 years, with 0.14 over the last year and 0.16 over 5 years.
Is QQQ a good diversifier for NEOV?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 mean?
A reading of 0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NEOV correlations · QQQ correlations
