MA vs QQQ: Correlation
Mastercard (MA) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MA and QQQ?
On 3 years of weekly data the MA/QQQ correlation comes out at 0.43, moderate. The past 12 months show a weaker link (0.14) than the 3-year average (0.43). The 5-year figure is 0.52, and annualized covariance runs at 163.3 %².
By 3-year correlation, QQQ places #32 of the 46 assets tracked against MA. The last year tells two different stories: QQQ led by 25.5 percentage points, +0.8% for MA against +26.3% for QQQ. This link changes with the market regime, having swung between 0.15 and 0.69 on a rolling one-year basis.
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.
MA vs QQQ: side by side
| MA (Mastercard) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +0.8% | +26.3% |
| 5-year return | +72.6% | +95.4% |
| Volatility (ann.) | 19.3% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -20.9% | -22.8% |
| Market cap | $518.4B | – |
| P/E (trailing) | 32.9 | – |
| Dividend yield | 0.56% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | MA | QQQ |
|---|---|---|
| 2022 | -2.7% | -32.6% |
| 2023 | +23.4% | +54.9% |
| 2024 | +24.2% | +25.6% |
| 2025 | +9.0% | +20.8% |
| 2026 | +4.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MA and QQQ good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MA and QQQ?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.14 over the last year and 0.52 over 5 years.
Is QQQ a good diversifier for MA?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ma-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ma-vs-qqq/)
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Related comparisons
Hubs: MA correlations · QQQ correlations
