NEPH vs QQQ: Correlation
Nephros, Inc. (NEPH) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.07.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEPH and QQQ?
On 3 years of weekly data the NEPH/QQQ correlation comes out at 0.07, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.30) than the 3-year average (0.07). The 5-year figure is 0.16, and annualized covariance runs at 89.3 %².
Among the 16 assets we track against NEPH, QQQ ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 19.9 points (+6.4% versus +26.3%). Note the risk asymmetry: NEPH runs 3.4 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.
NEPH vs QQQ: side by side
| NEPH (Nephros, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.4% | +26.3% |
| 5-year return | -48.4% | +95.4% |
| Volatility (ann.) | 66.5% | 19.6% |
| Beta vs S&P 500 | 0.07 | 1.28 |
| Max drawdown (3Y) | -65.2% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 25.4 | – |
| 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 | NEPH | QQQ |
|---|---|---|
| 2022 | -80.3% | -32.6% |
| 2023 | +198.3% | +54.9% |
| 2024 | -57.5% | +25.6% |
| 2025 | +232.0% | +20.8% |
| 2026 | -11.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEPH and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between NEPH and QQQ?
As of 2026-08-27, the correlation of weekly returns between NEPH and QQQ is 0.07 over 3 years, 0.30 over 1 year and 0.16 over 5 years.
Is QQQ a good diversifier for NEPH?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
What does a correlation of 0.07 mean?
On the −1 to +1 scale, 0.07 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/neph-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/neph-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NEPH correlations · QQQ correlations
