MCFT vs QQQ: Correlation
How closely do MasterCraft Boat Holdings, Inc. (MCFT) 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 MCFT and QQQ?
Across a 3-year window, the weekly returns of MCFT and QQQ correlate at 0.29, weak. The relationship has been stable: the 1-year correlation (0.21) sits close to the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 225.4 %².
Out of 22 assets tracked against MCFT, QQQ lands near the bottom at #19. Correlation aside, the last 12 months split them widely, with QQQ ahead by 20.7 points (+5.6% versus +26.3%). Note the risk asymmetry: MCFT runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MCFT vs QQQ: side by side
| MCFT (MasterCraft Boat Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.6% | +26.3% |
| 5-year return | -7.0% | +95.4% |
| Volatility (ann.) | 39.1% | 19.6% |
| Beta vs S&P 500 | 1.03 | 1.28 |
| Max drawdown (3Y) | -41.1% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 36.1 | – |
| 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 | MCFT | QQQ |
|---|---|---|
| 2022 | -8.7% | -32.6% |
| 2023 | -12.5% | +54.9% |
| 2024 | -15.8% | +25.6% |
| 2025 | -0.8% | +20.8% |
| 2026 | +27.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCFT and QQQ good diversifiers for each other?
Reasonably. At 0.29, MCFT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MCFT and QQQ?
The MCFT/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.21, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MCFT?
Reasonably. At 0.29, MCFT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/mcft-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mcft-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCFT correlations · QQQ correlations
