META vs QUAL: Correlation
Measured on weekly returns over the past three years, Meta Platforms (META) and iShares MSCI USA Quality Factor ETF (QUAL) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are META and QUAL?
Over the past 3 years, META and QUAL moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 285.0 %².
By 3-year correlation, QUAL places #15 of the 33 assets tracked against META. Correlation aside, the last 12 months split them widely, with QUAL ahead by 43.0 points (-23.3% versus +19.7%). Across three years, the rolling one-year figure varied moderately, from 0.36 to 0.75. One caveat on sizing: META is 2.6 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.
META vs QUAL: side by side
| META (Meta Platforms) | QUAL (iShares MSCI USA Quality Factor ETF) | |
|---|---|---|
| 1-year return | -23.3% | +19.7% |
| 5-year return | +51.3% | +68.0% |
| Volatility (ann.) | 36.9% | 14.0% |
| Beta vs S&P 500 | 1.45 | 0.93 |
| Max drawdown (3Y) | -34.2% | -18.0% |
| Market cap | $1,454.9B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 0.36% | 0.86% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $46.5B |
| Sector / category | Communication Services | ETF · US Style |
QUAL, iShares's Large Blend fund, carries $46.5B under management, 123 holdings, a 0.15% expense ratio, a 0.86% trailing dividend yield.
Year-by-year returns
| Year | META | QUAL |
|---|---|---|
| 2022 | -64.2% | -20.5% |
| 2023 | +194.1% | +30.9% |
| 2024 | +66.0% | +22.3% |
| 2025 | +13.1% | +12.7% |
| 2026 | -13.3% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
META represents 3.75% of QUAL's portfolio, so part of any move in QUAL is META itself, and the correlation between them is partly mechanical.
Are META and QUAL good diversifiers for each other?
Only partially. A correlation of 0.55 means META and QUAL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between META and QUAL?
As of 2026-08-27, the correlation of weekly returns between META and QUAL is 0.55 over 3 years, 0.55 over 1 year and 0.55 over 5 years.
Is QUAL a good diversifier for META?
Only partially. A correlation of 0.55 means META and QUAL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/meta-vs-qual.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/meta-vs-qual/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: META correlations · QUAL correlations
