MATV vs QQQ: Correlation
Measured on weekly returns over the past three years, Mativ Holdings, Inc. (MATV) 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 MATV and QQQ?
On 3 years of weekly data the MATV/QQQ correlation comes out at 0.29, weak. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 395.3 %².
QQQ is close to the least connected end of MATV's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 23.6 percentage points (+2.7% for MATV against +26.3% for QQQ). One caveat on sizing: MATV is 3.6 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.
MATV vs QQQ: side by side
| MATV (Mativ Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +2.7% | +26.3% |
| 5-year return | -59.1% | +95.4% |
| Volatility (ann.) | 70.0% | 19.6% |
| Beta vs S&P 500 | 1.74 | 1.28 |
| Max drawdown (3Y) | -75.3% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 7.5 | – |
| Dividend yield | 3.24% | 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 | MATV | QQQ |
|---|---|---|
| 2022 | -25.3% | -32.6% |
| 2023 | -22.7% | +54.9% |
| 2024 | -27.1% | +25.6% |
| 2025 | +17.3% | +20.8% |
| 2026 | +2.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MATV and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MATV and QQQ?
As of 2026-08-27, the correlation of weekly returns between MATV and QQQ is 0.29 over 3 years, 0.29 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for MATV?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/matv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/matv-vs-qqq/)
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Related comparisons
Hubs: MATV correlations · QQQ correlations
