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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

Correlation (3Y)
0.38
moderate
Correlation (1Y)
0.26
last 12 months
Correlation (5Y)
0.37
long-run
Ann. covariance
174.8
%² · weekly, annualized

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.

+1.0+0.50-0.5-1.020232026-08-27
One-year correlation, rolled weekly across the last three years.
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 5000.891.28
Max drawdown (3Y)-22.0%-22.8%
Market cap$61.2B
P/E (trailing)18.5
Dividend yield2.38%0.44%
Expense ratio0.18%
Assets under management$452.8B
Sector / categoryFinancialsETF · US Growth & Tech
Higher yield: MET 2.38% vs 0.44%Smaller drawdown: MET -22.0% vs -22.8%Higher 5y return: QQQ +95.4% vs +80.8%

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.

-14%0%+29%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. MET · QQQ

Year-by-year returns

YearMETQQQ
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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MET vs QQQ: 3-year weekly correlation 0.38MET vs QQQ0.38

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Hubs: MET correlations · QQQ correlations