MAT vs QQQ: Correlation
Measured on weekly returns over the past three years, Mattel, Inc. (MAT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAT and QQQ?
Across a 3-year window, the weekly returns of MAT and QQQ correlate at 0.29, weak. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 191.8 %².
Among the 12 assets we track against MAT, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 45.8 percentage points (-19.5% for MAT against +26.3% for QQQ). One caveat on sizing: MAT is 1.7 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.
MAT vs QQQ: side by side
| MAT (Mattel, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -19.5% | +26.3% |
| 5-year return | -31.2% | +95.4% |
| Volatility (ann.) | 34.0% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -41.5% | -22.8% |
| Market cap | $4.3B | – |
| P/E (trailing) | 11.1 | – |
| 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 | MAT | QQQ |
|---|---|---|
| 2022 | -17.3% | -32.6% |
| 2023 | +5.8% | +54.9% |
| 2024 | -6.1% | +25.6% |
| 2025 | +11.9% | +20.8% |
| 2026 | -24.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAT and QQQ good diversifiers for each other?
Reasonably. At 0.29, MAT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MAT and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.27 over the last year and 0.38 over 5 years.
Is QQQ a good diversifier for MAT?
Reasonably. At 0.29, MAT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mat-vs-qqq/)
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Related comparisons
Hubs: MAT correlations · QQQ correlations
