MBI vs QQQ: Correlation
How closely do MBIA Inc. (MBI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.13, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBI and QQQ?
Across a 3-year window, the weekly returns of MBI and QQQ correlate at 0.13, weak. Little has changed lately, as the 1-year reading of 0.06 lands near the 3-year figure. Stretching to 5 years gives 0.21, with an annualized covariance of 173.6 %².
QQQ is close to the least connected end of MBI's tracked universe, ranking #10 of 13. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 67.3 percentage points (-41.0% for MBI against +26.3% for QQQ). Risk is not evenly split, since MBI carries 3.5 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.
MBI vs QQQ: side by side
| MBI (MBIA Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -41.0% | +26.3% |
| 5-year return | -0.5% | +95.4% |
| Volatility (ann.) | 68.8% | 19.6% |
| Beta vs S&P 500 | 0.81 | 1.28 |
| Max drawdown (3Y) | -51.9% | -22.8% |
| Market cap | $0.2B | – |
| 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 | MBI | QQQ |
|---|---|---|
| 2022 | -18.6% | -32.6% |
| 2023 | +9.2% | +54.9% |
| 2024 | +5.6% | +25.6% |
| 2025 | +10.8% | +20.8% |
| 2026 | -33.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBI and QQQ good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MBI and QQQ?
As of 2026-08-27, the correlation of weekly returns between MBI and QQQ is 0.13 over 3 years, 0.06 over 1 year and 0.21 over 5 years.
Is QQQ a good diversifier for MBI?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 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/mbi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mbi-vs-qqq/)
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Related comparisons
Hubs: MBI correlations · QQQ correlations
