MCHB vs QQQ: Correlation
Mechanics Bancorp (MCHB) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHB and QQQ?
On 3 years of weekly data the MCHB/QQQ correlation comes out at 0.18, weak. The relationship has been stable: the 1-year correlation (0.08) sits close to the 3-year figure. The 5-year figure is 0.17, and annualized covariance runs at 223.0 %².
Out of 11 assets tracked against MCHB, QQQ lands near the bottom at #8. Their 12-month results are close: +26.0% for MCHB against +26.3% for QQQ. Risk is not evenly split, since MCHB carries 3.3 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.
MCHB vs QQQ: side by side
| MCHB (Mechanics Bancorp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.0% | +26.3% |
| 5-year return | -51.9% | +95.4% |
| Volatility (ann.) | 63.9% | 19.6% |
| Beta vs S&P 500 | 1.12 | 1.28 |
| Max drawdown (3Y) | -56.1% | -22.8% |
| Market cap | $3.6B | – |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 8.16% | 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 | MCHB | QQQ |
|---|---|---|
| 2022 | -44.8% | -32.6% |
| 2023 | -60.6% | +54.9% |
| 2024 | +10.9% | +25.6% |
| 2025 | +29.9% | +20.8% |
| 2026 | +18.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHB and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, MCHB and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MCHB and QQQ?
As of 2026-08-27, the correlation of weekly returns between MCHB and QQQ is 0.18 over 3 years, 0.08 over 1 year and 0.17 over 5 years.
Is QQQ a good diversifier for MCHB?
Yes. With a correlation of 0.18, MCHB and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 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/mchb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mchb-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCHB correlations · QQQ correlations
