MBC vs QQQ: Correlation
How closely do MasterBrand, Inc. (MBC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBC and QQQ?
Over the past 3 years, MBC and QQQ moved with a correlation of 0.29, which is weak. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 251.7 %².
Out of 19 assets tracked against MBC, QQQ lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with QQQ ahead by 60.1 points (-33.8% versus +26.3%). One caveat on sizing: MBC is 2.2 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.
MBC vs QQQ: side by side
| MBC (MasterBrand, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -33.8% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 43.7% | 19.6% |
| Beta vs S&P 500 | 1.16 | 1.28 |
| Max drawdown (3Y) | -64.7% | -22.8% |
| Market cap | $1.8B | – |
| 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 | MBC | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +96.7% | +54.9% |
| 2024 | -1.6% | +25.6% |
| 2025 | -24.4% | +20.8% |
| 2026 | -21.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBC 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 MBC and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.20 over the last year and 0.31 over 5 years.
Is QQQ a good diversifier for MBC?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mbc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mbc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBC correlations · QQQ correlations
