JBTM vs QQQ: Correlation
How closely do JBT Marel Corporation (JBTM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBTM and QQQ?
On 3 years of weekly data the JBTM/QQQ correlation comes out at 0.25, weak. The past 12 months show a weaker link (0.12) than the 3-year average (0.25). The 5-year figure is 0.41, and annualized covariance runs at 171.3 %².
QQQ is close to the least connected end of JBTM's tracked universe, ranking #9 of 12. The last year tells two different stories: QQQ led by 44.5 percentage points, -18.2% for JBTM against +26.3% for QQQ. One caveat on sizing: JBTM is 1.8 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.
JBTM vs QQQ: side by side
| JBTM (JBT Marel Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -18.2% | +26.3% |
| 5-year return | -18.0% | +95.4% |
| Volatility (ann.) | 35.7% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -32.2% | -22.8% |
| Market cap | $6.1B | – |
| P/E (trailing) | 32.3 | – |
| Dividend yield | 0.33% | 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 | JBTM | QQQ |
|---|---|---|
| 2022 | -40.3% | -32.6% |
| 2023 | +9.3% | +54.9% |
| 2024 | +28.3% | +25.6% |
| 2025 | +18.9% | +20.8% |
| 2026 | -21.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBTM 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 JBTM and QQQ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.12 over the last year and 0.41 over 5 years.
Is QQQ a good diversifier for JBTM?
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?
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/jbtm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jbtm-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JBTM correlations · QQQ correlations
