MET vs QQQ: Correlation
MetLife (MET) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MET and QQQ?
Across a 3-year window, the weekly returns of MET and QQQ correlate at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.38). Stretching to 5 years gives 0.37, with an annualized covariance of 174.8 %².
By 3-year correlation, QQQ places #27 of the 37 assets tracked against MET. Twelve-month performance is nearly a tie, at +22.1% for MET and +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between 0.09 and 0.62 over the past three years, so this pair behaves very differently depending on the market environment.
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.
MET vs QQQ: side by side
| MET (MetLife) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +22.1% | +26.3% |
| 5-year return | +80.8% | +95.4% |
| Volatility (ann.) | 23.3% | 19.6% |
| Beta vs S&P 500 | 0.89 | 1.28 |
| Max drawdown (3Y) | -22.0% | -22.8% |
| Market cap | $61.2B | – |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 2.38% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | MET | QQQ |
|---|---|---|
| 2022 | +19.2% | -32.6% |
| 2023 | -5.5% | +54.9% |
| 2024 | +27.7% | +25.6% |
| 2025 | -0.8% | +20.8% |
| 2026 | +24.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MET and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MET and QQQ?
The MET/QQQ correlation stands at 0.38 on a 3-year window (1 year: 0.26, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MET?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MET correlations · QQQ correlations