MEDP vs QQQ: Correlation
Measured on weekly returns over the past three years, Medpace Holdings, Inc. (MEDP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEDP and QQQ?
Over the past 3 years, MEDP and QQQ moved with a correlation of 0.25, which is weak. The link has loosened recently: the 1-year correlation (0.04) runs below the 3-year figure (0.25). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 228.4 %².
QQQ is close to the least connected end of MEDP's tracked universe, ranking #11 of 15. Neither side won the trailing year by much: +29.2% against +26.3%. One caveat on sizing: MEDP is 2.4 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.
MEDP vs QQQ: side by side
| MEDP (Medpace Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +29.2% | +26.3% |
| 5-year return | +231.5% | +95.4% |
| Volatility (ann.) | 46.4% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -39.4% | -22.8% |
| Market cap | $17.1B | – |
| P/E (trailing) | 36.4 | – |
| 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 | MEDP | QQQ |
|---|---|---|
| 2022 | -2.4% | -32.6% |
| 2023 | +44.3% | +54.9% |
| 2024 | +8.4% | +25.6% |
| 2025 | +69.1% | +20.8% |
| 2026 | +8.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEDP and QQQ good diversifiers for each other?
Reasonably. At 0.25, MEDP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MEDP and QQQ?
As of 2026-08-27, the correlation of weekly returns between MEDP and QQQ is 0.25 over 3 years, 0.04 over 1 year and 0.41 over 5 years.
Is QQQ a good diversifier for MEDP?
Reasonably. At 0.25, MEDP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 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/medp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/medp-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MEDP correlations · QQQ correlations
