NGNE vs QQQ: Correlation
Measured on weekly returns over the past three years, Neurogene Inc. (NGNE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NGNE and QQQ?
Over the past 3 years, NGNE and QQQ moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 750.3 %².
By 3-year correlation, QQQ places #8 of the 15 assets tracked against NGNE. Their recent paths diverged sharply: over the last 12 months NGNE outperformed by 65.9 percentage points (+92.2% for NGNE against +26.3% for QQQ). Risk is not evenly split, since NGNE carries 5.2 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.
NGNE vs QQQ: side by side
| NGNE (Neurogene Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +92.2% | +26.3% |
| 5-year return | -76.7% | +95.4% |
| Volatility (ann.) | 102.1% | 19.6% |
| Beta vs S&P 500 | 2.68 | 1.28 |
| Max drawdown (3Y) | -89.7% | -22.8% |
| Market cap | $0.8B | – |
| 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 | NGNE | QQQ |
|---|---|---|
| 2022 | -89.4% | -32.6% |
| 2023 | +90.4% | +54.9% |
| 2024 | +18.0% | +25.6% |
| 2025 | -9.9% | +20.8% |
| 2026 | +83.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NGNE and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NGNE and QQQ?
As of 2026-08-27, the correlation of weekly returns between NGNE and QQQ is 0.38 over 3 years, 0.30 over 1 year and 0.34 over 5 years.
Is QQQ a good diversifier for NGNE?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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: NGNE correlations · QQQ correlations
