MEGI vs QQQ: Correlation
How closely do NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEGI and QQQ?
Over the past 3 years, MEGI and QQQ moved with a correlation of 0.22, which is weak. Recent behaviour matches the longer record: 0.19 over 1 year against 0.22 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 82.7 %².
QQQ is close to the least connected end of MEGI's tracked universe, ranking #26 of 29. The trailing year gives QQQ the advantage: +14.7% versus +26.3%, a 11.6-point spread.
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.
MEGI vs QQQ: side by side
| MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +14.7% | +26.3% |
| 5-year return | +20.7% | +95.4% |
| Volatility (ann.) | 19.4% | 19.6% |
| Beta vs S&P 500 | 0.49 | 1.28 |
| Max drawdown (3Y) | -17.4% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 4.9 | – |
| 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 | MEGI | QQQ |
|---|---|---|
| 2022 | -23.3% | -32.6% |
| 2023 | +5.5% | +54.9% |
| 2024 | +5.2% | +25.6% |
| 2025 | +26.2% | +20.8% |
| 2026 | +16.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEGI and QQQ good diversifiers for each other?
Reasonably. At 0.22, MEGI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MEGI and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.19 over the last year and 0.38 over 5 years.
Is QQQ a good diversifier for MEGI?
Reasonably. At 0.22, MEGI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/megi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/megi-vs-qqq/)
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Related comparisons
Hubs: MEGI correlations · QQQ correlations
