NMRA vs QQQ: Correlation
How closely do Neumora Therapeutics, Inc. (NMRA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMRA and QQQ?
Over the past 3 years, NMRA and QQQ moved with a correlation of 0.23, which is weak. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.23). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 496.2 %².
Out of 11 assets tracked against NMRA, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 42.2 percentage points (-15.9% for NMRA against +26.3% for QQQ). Risk is not evenly split, since NMRA 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.
NMRA vs QQQ: side by side
| NMRA (Neumora Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -15.9% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 111.2% | 19.6% |
| Beta vs S&P 500 | 2.04 | 1.28 |
| Max drawdown (3Y) | -96.9% | -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 | NMRA | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -37.8% | +25.6% |
| 2025 | -83.1% | +20.8% |
| 2026 | -17.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMRA and QQQ good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NMRA and QQQ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.10 over the last year and n/a over 5 years.
Is QQQ a good diversifier for NMRA?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nmra-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nmra-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NMRA correlations · QQQ correlations
