MDRR vs QQQ: Correlation
Medalist Diversified, Inc. (MDRR) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and QQQ?
Across a 3-year window, the weekly returns of MDRR and QQQ correlate at -0.04, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.01 over 1 year against -0.04 over 3. Stretching to 5 years gives 0.07, with an annualized covariance of -20.5 %².
Among the 36 assets we track against MDRR, QQQ ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 21.5 points (+4.8% 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.
MDRR vs QQQ: side by side
| MDRR (Medalist Diversified, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.8% | +26.3% |
| 5-year return | -31.3% | +95.4% |
| Volatility (ann.) | 28.1% | 19.6% |
| Beta vs S&P 500 | -0.02 | 1.28 |
| Max drawdown (3Y) | -29.5% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 2.21% | 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 | MDRR | QQQ |
|---|---|---|
| 2022 | -37.3% | -32.6% |
| 2023 | -4.0% | +54.9% |
| 2024 | +28.6% | +25.6% |
| 2025 | -5.5% | +20.8% |
| 2026 | -0.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDRR and QQQ good diversifiers for each other?
Yes. With a correlation of -0.04, MDRR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MDRR and QQQ?
The MDRR/QQQ correlation stands at -0.04 on a 3-year window (1 year: 0.01, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MDRR?
Yes. With a correlation of -0.04, MDRR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.04 mean?
A reading of -0.04 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/mdrr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mdrr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MDRR correlations · QQQ correlations
