MAYS vs QQQ: Correlation
Measured on weekly returns over the past three years, J. W. Mays, Inc. (MAYS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAYS and QQQ?
On 3 years of weekly data the MAYS/QQQ correlation comes out at 0.04, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.22) runs above the 3-year figure (0.04). The 5-year figure is 0.09, and annualized covariance runs at 28.5 %².
QQQ is close to the least connected end of MAYS's tracked universe, ranking #6 of 10. On 12-month performance QQQ holds a 13.4-point edge, +12.9% against +26.3%. Risk is not evenly split, since MAYS carries 1.7 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.
MAYS vs QQQ: side by side
| MAYS (J. W. Mays, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +12.9% | +26.3% |
| 5-year return | +34.4% | +95.4% |
| Volatility (ann.) | 33.2% | 19.6% |
| Beta vs S&P 500 | 0.03 | 1.28 |
| Max drawdown (3Y) | -30.9% | -22.8% |
| Market cap | $0.1B | – |
| 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 | MAYS | QQQ |
|---|---|---|
| 2022 | +18.4% | -32.6% |
| 2023 | -12.7% | +54.9% |
| 2024 | +4.8% | +25.6% |
| 2025 | -9.2% | +20.8% |
| 2026 | +5.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAYS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.04, MAYS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MAYS and QQQ?
As of 2026-08-27, the correlation of weekly returns between MAYS and QQQ is 0.04 over 3 years, 0.22 over 1 year and 0.09 over 5 years.
Is QQQ a good diversifier for MAYS?
Yes. With a correlation of 0.04, MAYS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.04 mean?
A reading of 0.04 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/mays-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mays-vs-qqq/)
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Related comparisons
Hubs: MAYS correlations · QQQ correlations
