META vs QQQM: Correlation
Meta Platforms (META) and Invesco Nasdaq 100 ETF (QQQM) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are META and QQQM?
Over the past 3 years, META and QQQM moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 423.9 %².
By 3-year correlation, QQQM places #6 of the 33 assets tracked against META. Their recent paths diverged sharply: over the last 12 months QQQM outperformed by 49.7 percentage points (-23.3% for META against +26.4% for QQQM). Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.77. Note the risk asymmetry: META runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
META vs QQQM: side by side
| META (Meta Platforms) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | -23.3% | +26.4% |
| 5-year return | +51.3% | +96.1% |
| Volatility (ann.) | 36.9% | 19.5% |
| Beta vs S&P 500 | 1.45 | 1.28 |
| Max drawdown (3Y) | -34.2% | -22.7% |
| Market cap | $1,454.9B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 0.36% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Communication Services | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | META | QQQM |
|---|---|---|
| 2022 | -64.2% | -32.5% |
| 2023 | +194.1% | +55.0% |
| 2024 | +66.0% | +25.7% |
| 2025 | +13.1% | +20.9% |
| 2026 | -13.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
META represents 2.74% of QQQM's portfolio, so part of any move in QQQM is META itself, and the correlation between them is partly mechanical.
Are META and QQQM good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between META and QQQM?
As of 2026-08-27, the correlation of weekly returns between META and QQQM is 0.59 over 3 years, 0.59 over 1 year and 0.60 over 5 years.
Is QQQM a good diversifier for META?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/meta-vs-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/meta-vs-qqqm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: META correlations · QQQM correlations
