MACI vs QQQM: Correlation
Melar Acquisition Corp. I - Class A (MACI) and Invesco Nasdaq 100 ETF (QQQM) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MACI and QQQM?
On 3 years of weekly data the MACI/QQQM correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.20). The 5-year figure is n/a, and annualized covariance runs at -8.7 %².
Among the 71 assets we track against MACI, QQQM ranks #37 by 3-year correlation. The last year tells two different stories: QQQM led by 22.0 percentage points, +4.4% for MACI against +26.4% for QQQM. Risk is not evenly split, since QQQM carries 9.3 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.
MACI vs QQQM: side by side
| MACI (Melar Acquisition Corp. I - Class A) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +4.4% | +26.4% |
| 5-year return | n/a | +96.1% |
| Volatility (ann.) | 2.1% | 19.5% |
| Beta vs S&P 500 | -0.03 | 1.28 |
| Max drawdown (3Y) | -2.0% | -22.7% |
| Market cap | $0.2B | – |
| P/E (trailing) | 60.9 | – |
| Dividend yield | 0.00% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | MACI | QQQM |
|---|---|---|
| 2022 | – | -32.5% |
| 2023 | – | +55.0% |
| 2024 | – | +25.7% |
| 2025 | +5.7% | +20.9% |
| 2026 | +3.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MACI and QQQM good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MACI and QQQM?
As of 2026-08-27, the correlation of weekly returns between MACI and QQQM is -0.20 over 3 years, -0.32 over 1 year and n/a over 5 years.
Is QQQM a good diversifier for MACI?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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: MACI correlations · QQQM correlations
