NMTC vs QQQ: Correlation
Measured on weekly returns over the past three years, NeuroOne Medical Technologies Corporation (NMTC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMTC and QQQ?
On 3 years of weekly data the NMTC/QQQ correlation comes out at 0.25, weak. Recent behaviour matches the longer record: 0.22 over 1 year against 0.25 over 3. The 5-year figure is 0.12, and annualized covariance runs at 412.4 %².
Within NMTC's tracked universe of 13 assets, QQQ comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 82.3 points (-56.0% versus +26.3%). One caveat on sizing: NMTC is 4.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NMTC vs QQQ: side by side
| NMTC (NeuroOne Medical Technologies Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -56.0% | +26.3% |
| 5-year return | -91.3% | +95.4% |
| Volatility (ann.) | 83.8% | 19.6% |
| Beta vs S&P 500 | 1.16 | 1.28 |
| Max drawdown (3Y) | -86.8% | -22.8% |
| Market cap | – | – |
| 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 | NMTC | QQQ |
|---|---|---|
| 2022 | -38.1% | -32.6% |
| 2023 | +31.7% | +54.9% |
| 2024 | -47.7% | +25.6% |
| 2025 | -8.2% | +20.8% |
| 2026 | -56.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMTC and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NMTC and QQQ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.22 over the last year and 0.12 over 5 years.
Is QQQ a good diversifier for NMTC?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
A reading of 0.25 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/nmtc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nmtc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NMTC correlations · QQQ correlations
