MAN vs QQQ: Correlation
ManpowerGroup (MAN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAN and QQQ?
Over the past 3 years, MAN and QQQ moved with a correlation of 0.15, which is weak. The past 12 months show a weaker link (-0.09) than the 3-year average (0.15). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 127.2 %².
QQQ is close to the least connected end of MAN's tracked universe, ranking #10 of 14. Correlation aside, the last 12 months split them widely, with MAN ahead by 29.8 points (+56.1% versus +26.3%). Risk is not evenly split, since MAN carries 2.3 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.
MAN vs QQQ: side by side
| MAN (ManpowerGroup) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +56.1% | +26.3% |
| 5-year return | -37.6% | +95.4% |
| Volatility (ann.) | 44.3% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -64.7% | -22.8% |
| Market cap | $2.9B | – |
| P/E (trailing) | 27.9 | – |
| Dividend yield | 2.32% | 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 | MAN | QQQ |
|---|---|---|
| 2022 | -11.8% | -32.6% |
| 2023 | -0.6% | +54.9% |
| 2024 | -24.0% | +25.6% |
| 2025 | -46.2% | +20.8% |
| 2026 | +114.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAN and QQQ good diversifiers for each other?
Yes. With a correlation of 0.15, MAN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MAN and QQQ?
Using weekly returns as of 2026-08-27: 0.15 over 3 years, with -0.09 over the last year and 0.25 over 5 years.
Is QQQ a good diversifier for MAN?
Yes. With a correlation of 0.15, MAN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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/man-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/man-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAN correlations · QQQ correlations
