MERC vs QQQ: Correlation
Mercer International Inc. (MERC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MERC and QQQ?
On 3 years of weekly data the MERC/QQQ correlation comes out at 0.25, weak. The link has loosened recently: the 1-year correlation (0.13) runs below the 3-year figure (0.25). The 5-year figure is 0.22, and annualized covariance runs at 302.8 %².
QQQ is close to the least connected end of MERC's tracked universe, ranking #8 of 11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 114.3 percentage points (-88.0% for MERC against +26.3% for QQQ). One caveat on sizing: MERC is 3.2 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.
MERC vs QQQ: side by side
| MERC (Mercer International Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -88.0% | +26.3% |
| 5-year return | -96.1% | +95.4% |
| Volatility (ann.) | 63.1% | 19.6% |
| Beta vs S&P 500 | 1.38 | 1.28 |
| Max drawdown (3Y) | -96.2% | -22.8% |
| Market cap | – | – |
| 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 | MERC | QQQ |
|---|---|---|
| 2022 | -0.6% | -32.6% |
| 2023 | -15.7% | +54.9% |
| 2024 | -28.7% | +25.6% |
| 2025 | -68.5% | +20.8% |
| 2026 | -80.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MERC and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MERC and QQQ?
The MERC/QQQ correlation stands at 0.25 on a 3-year window (1 year: 0.13, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MERC?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 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/merc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/merc-vs-qqq/)
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Related comparisons
Hubs: MERC correlations · QQQ correlations
