NPCE vs QQQ: Correlation
How closely do Neuropace, Inc. (NPCE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NPCE and QQQ?
Across a 3-year window, the weekly returns of NPCE and QQQ correlate at 0.17, weak. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. Stretching to 5 years gives 0.22, with an annualized covariance of 233.8 %².
By 3-year correlation, QQQ places #6 of the 11 assets tracked against NPCE. The last year tells two different stories: NPCE led by 32.8 percentage points, +59.1% for NPCE against +26.3% for QQQ. Risk is not evenly split, since NPCE carries 3.6 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.
NPCE vs QQQ: side by side
| NPCE (Neuropace, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +59.1% | +26.3% |
| 5-year return | -32.7% | +95.4% |
| Volatility (ann.) | 69.9% | 19.6% |
| Beta vs S&P 500 | 0.85 | 1.28 |
| Max drawdown (3Y) | -66.3% | -22.8% |
| Market cap | $0.5B | – |
| 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 | NPCE | QQQ |
|---|---|---|
| 2022 | -85.2% | -32.6% |
| 2023 | +591.9% | +54.9% |
| 2024 | +8.5% | +25.6% |
| 2025 | +38.0% | +20.8% |
| 2026 | -8.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NPCE and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, NPCE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NPCE and QQQ?
The NPCE/QQQ correlation stands at 0.17 on a 3-year window (1 year: 0.26, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NPCE?
Yes. With a correlation of 0.17, NPCE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 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
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[](https://www.pairbook.io/pair/npce-vs-qqq/)
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Related comparisons
Hubs: NPCE correlations · QQQ correlations
