MCHX vs QQQ: Correlation
Measured on weekly returns over the past three years, Marchex, Inc. (MCHX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHX and QQQ?
On 3 years of weekly data the MCHX/QQQ correlation comes out at 0.29, weak. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.29). The 5-year figure is 0.28, and annualized covariance runs at 287.8 %².
Among the 10 assets we track against MCHX, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 33.5 percentage points (-7.2% for MCHX against +26.3% for QQQ). Note the risk asymmetry: MCHX runs 2.6 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.
MCHX vs QQQ: side by side
| MCHX (Marchex, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -7.2% | +26.3% |
| 5-year return | -45.3% | +95.4% |
| Volatility (ann.) | 50.3% | 19.6% |
| Beta vs S&P 500 | 1.07 | 1.28 |
| Max drawdown (3Y) | -40.5% | -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 | MCHX | QQQ |
|---|---|---|
| 2022 | -35.5% | -32.6% |
| 2023 | -15.0% | +54.9% |
| 2024 | +28.7% | +25.6% |
| 2025 | -5.1% | +20.8% |
| 2026 | +9.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHX and QQQ good diversifiers for each other?
Reasonably. At 0.29, MCHX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MCHX and QQQ?
The MCHX/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.09, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MCHX?
Reasonably. At 0.29, MCHX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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
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Related comparisons
Hubs: MCHX correlations · QQQ correlations
