MDIA vs QQQ: Correlation
Measured on weekly returns over the past three years, Mediaco Holding Inc. (MDIA) and Invesco QQQ Trust (QQQ) carry a correlation of -0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDIA and QQQ?
Over the past 3 years, MDIA and QQQ moved with a correlation of -0.02, which is near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.15) runs above the 3-year figure (-0.02). Over 5 years the correlation is 0.02, and the annualized covariance of weekly returns is -170.7 %².
QQQ is close to the least connected end of MDIA's tracked universe, ranking #6 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 46.9 percentage points (-20.6% for MDIA against +26.3% for QQQ). One caveat on sizing: MDIA is 19.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MDIA vs QQQ: side by side
| MDIA (Mediaco Holding Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -20.6% | +26.3% |
| 5-year return | -89.6% | +95.4% |
| Volatility (ann.) | 389.4% | 19.6% |
| Beta vs S&P 500 | -0.94 | 1.28 |
| Max drawdown (3Y) | -90.2% | -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 | MDIA | QQQ |
|---|---|---|
| 2022 | -78.5% | -32.6% |
| 2023 | -62.6% | +54.9% |
| 2024 | +165.1% | +25.6% |
| 2025 | -49.1% | +20.8% |
| 2026 | +79.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDIA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between MDIA and QQQ?
As of 2026-08-27, the correlation of weekly returns between MDIA and QQQ is -0.02 over 3 years, 0.15 over 1 year and 0.02 over 5 years.
Is QQQ a good diversifier for MDIA?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
What does a correlation of -0.02 mean?
A reading of -0.02 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MDIA correlations · QQQ correlations
