MEOH vs QQQ: Correlation
Methanex Corporation (MEOH) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEOH and QQQ?
On 3 years of weekly data the MEOH/QQQ correlation comes out at 0.14, weak. Lately the two have drifted apart, with the 1-year correlation at -0.18 versus 0.14 over 3 years. The 5-year figure is 0.19, and annualized covariance runs at 107.6 %².
QQQ is close to the least connected end of MEOH's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months MEOH outperformed by 40.8 percentage points (+67.1% for MEOH against +26.3% for QQQ). One caveat on sizing: MEOH is 2.1 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.
MEOH vs QQQ: side by side
| MEOH (Methanex Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +67.1% | +26.3% |
| 5-year return | +74.8% | +95.4% |
| Volatility (ann.) | 40.4% | 19.6% |
| Beta vs S&P 500 | 0.54 | 1.28 |
| Max drawdown (3Y) | -52.2% | -22.8% |
| Market cap | $4.5B | – |
| P/E (trailing) | 66.3 | – |
| Dividend yield | 1.30% | 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 | MEOH | QQQ |
|---|---|---|
| 2022 | -2.8% | -32.6% |
| 2023 | +27.3% | +54.9% |
| 2024 | +7.3% | +25.6% |
| 2025 | -18.9% | +20.8% |
| 2026 | +47.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEOH and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between MEOH and QQQ?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with -0.18 over the last year and 0.19 over 5 years.
Is QQQ a good diversifier for MEOH?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
What does a correlation of 0.14 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/meoh-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/meoh-vs-qqq/)
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Related comparisons
Hubs: MEOH correlations · QQQ correlations
