MCI vs QQQ: Correlation
How closely do Barings Corporate Investors (MCI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCI and QQQ?
Across a 3-year window, the weekly returns of MCI and QQQ correlate at 0.12, weak. The link has tightened recently: the 1-year correlation (0.34) runs above the 3-year figure (0.12). Stretching to 5 years gives 0.23, with an annualized covariance of 56.9 %².
Within MCI's tracked universe of 12 assets, QQQ comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 34.0 points (-7.7% versus +26.3%).
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.
MCI vs QQQ: side by side
| MCI (Barings Corporate Investors) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -7.7% | +26.3% |
| 5-year return | +77.0% | +95.4% |
| Volatility (ann.) | 25.3% | 19.6% |
| Beta vs S&P 500 | 0.13 | 1.28 |
| Max drawdown (3Y) | -27.9% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 8.73% | 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 | MCI | QQQ |
|---|---|---|
| 2022 | -5.9% | -32.6% |
| 2023 | +44.5% | +54.9% |
| 2024 | +20.8% | +25.6% |
| 2025 | -3.7% | +20.8% |
| 2026 | +3.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCI and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MCI and QQQ?
As of 2026-08-27, the correlation of weekly returns between MCI and QQQ is 0.12 over 3 years, 0.34 over 1 year and 0.23 over 5 years.
Is QQQ a good diversifier for MCI?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 mean?
A reading of 0.12 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/mci-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mci-vs-qqq/)
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Related comparisons
Hubs: MCI correlations · QQQ correlations
