MAAS vs QQQ: Correlation
Measured on weekly returns over the past three years, Maase Inc. - Class A (MAAS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.10, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAAS and QQQ?
Over the past 3 years, MAAS and QQQ moved with a correlation of 0.10, which is weak. The past 12 months show a tighter link (0.36) than the 3-year average (0.10). Over 5 years the correlation is 0.05, and the annualized covariance of weekly returns is 235.4 %².
Out of 13 assets tracked against MAAS, QQQ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months MAAS outperformed by 282.1 percentage points (+308.4% for MAAS against +26.3% for QQQ). One caveat on sizing: MAAS is 6.4 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.
MAAS vs QQQ: side by side
| MAAS (Maase Inc. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +308.4% | +26.3% |
| 5-year return | -94.5% | +95.4% |
| Volatility (ann.) | 126.1% | 19.6% |
| Beta vs S&P 500 | 1.00 | 1.28 |
| Max drawdown (3Y) | -99.6% | -22.8% |
| Market cap | $7.3B | – |
| 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 | MAAS | QQQ |
|---|---|---|
| 2022 | +14.9% | -32.6% |
| 2023 | -19.2% | +54.9% |
| 2024 | -94.6% | +25.6% |
| 2025 | -73.1% | +20.8% |
| 2026 | +206.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAAS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.10, MAAS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MAAS and QQQ?
Using weekly returns as of 2026-08-27: 0.10 over 3 years, with 0.36 over the last year and 0.05 over 5 years.
Is QQQ a good diversifier for MAAS?
Yes. With a correlation of 0.10, MAAS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.10 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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Related comparisons
Hubs: MAAS correlations · QQQ correlations
