MAA vs QQQ: Correlation
Mid-America Apartment Communities (MAA) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAA and QQQ?
Across a 3-year window, the weekly returns of MAA and QQQ correlate at 0.22, weak. The link has loosened recently: the 1-year correlation (-0.09) runs below the 3-year figure (0.22). Stretching to 5 years gives 0.40, with an annualized covariance of 88.4 %².
Within MAA's tracked universe of 31 assets, QQQ comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 32.9 percentage points (-6.6% for MAA against +26.3% for QQQ). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.11 to 0.58.
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.
MAA vs QQQ: side by side
| MAA (Mid-America Apartment Communities) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -6.6% | +26.3% |
| 5-year return | -19.3% | +95.4% |
| Volatility (ann.) | 20.3% | 19.6% |
| Beta vs S&P 500 | 0.49 | 1.28 |
| Max drawdown (3Y) | -26.4% | -22.8% |
| Market cap | $15.3B | – |
| P/E (trailing) | 37.7 | – |
| Dividend yield | 4.63% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Real Estate | 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 | MAA | QQQ |
|---|---|---|
| 2022 | -29.7% | -32.6% |
| 2023 | -11.1% | +54.9% |
| 2024 | +19.9% | +25.6% |
| 2025 | -6.4% | +20.8% |
| 2026 | -4.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAA and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MAA and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with -0.09 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for MAA?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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/maa-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/maa-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAA correlations · QQQ correlations
