NGEN vs QQQ: Correlation
Measured on weekly returns over the past three years, NervGen Pharma Corp. (NGEN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGEN and QQQ?
Over the past 3 years, NGEN and QQQ moved with a correlation of 0.13, which is weak. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 211.5 %².
Among the 16 assets we track against NGEN, QQQ ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 29.4 percentage points (-3.1% for NGEN against +26.3% for QQQ). Note the risk asymmetry: NGEN runs 4.3 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.
NGEN vs QQQ: side by side
| NGEN (NervGen Pharma Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.1% | +26.3% |
| 5-year return | +44.1% | +95.4% |
| Volatility (ann.) | 84.7% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -73.4% | -22.8% |
| Market cap | $0.3B | – |
| 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 | NGEN | QQQ |
|---|---|---|
| 2022 | -44.1% | -32.6% |
| 2023 | +71.4% | +54.9% |
| 2024 | +6.9% | +25.6% |
| 2025 | +156.9% | +20.8% |
| 2026 | -58.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGEN and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, NGEN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NGEN and QQQ?
As of 2026-08-27, the correlation of weekly returns between NGEN and QQQ is 0.13 over 3 years, 0.20 over 1 year and 0.12 over 5 years.
Is QQQ a good diversifier for NGEN?
Yes. With a correlation of 0.13, NGEN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
A reading of 0.13 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ngen-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ngen-vs-qqq/)
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Related comparisons
Hubs: NGEN correlations · QQQ correlations
