MARA vs QQQ: Correlation
How closely do MARA Holdings, Inc. (MARA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MARA and QQQ?
Across a 3-year window, the weekly returns of MARA and QQQ correlate at 0.34, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.34 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 565.6 %².
Within MARA's tracked universe of 21 assets, QQQ comes in at #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 51.4 points (-25.1% versus +26.3%). One caveat on sizing: MARA is 4.3 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.
MARA vs QQQ: side by side
| MARA (MARA Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -25.1% | +26.3% |
| 5-year return | -70.7% | +95.4% |
| Volatility (ann.) | 83.9% | 19.6% |
| Beta vs S&P 500 | 2.07 | 1.28 |
| Max drawdown (3Y) | -78.3% | -22.8% |
| Market cap | $4.6B | – |
| 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 | MARA | QQQ |
|---|---|---|
| 2022 | -89.6% | -32.6% |
| 2023 | +586.8% | +54.9% |
| 2024 | -28.6% | +25.6% |
| 2025 | -46.5% | +20.8% |
| 2026 | +32.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MARA and QQQ good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MARA and QQQ?
The MARA/QQQ correlation stands at 0.34 on a 3-year window (1 year: 0.42, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MARA?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/mara-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mara-vs-qqq/)
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Related comparisons
Hubs: MARA correlations · QQQ correlations
