MFI vs QQQ: Correlation
How closely do mF International Limited - Class A (MFI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MFI and QQQ?
Across a 3-year window, the weekly returns of MFI and QQQ correlate at 0.22, weak. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 815.9 %².
Among the 16 assets we track against MFI, QQQ sits near the bottom by co-movement, at rank #12. The last year tells two different stories: QQQ led by 101.6 percentage points, -75.3% for MFI against +26.3% for QQQ. Risk is not evenly split, since MFI carries 9.2 times the volatility of the other side.
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.
MFI vs QQQ: side by side
| MFI (mF International Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -75.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 180.8% | 19.6% |
| Beta vs S&P 500 | 2.81 | 1.28 |
| Max drawdown (3Y) | -95.8% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 5.2 | – |
| 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 | MFI | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +245.6% | +20.8% |
| 2026 | -50.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MFI and QQQ good diversifiers for each other?
Reasonably. At 0.22, MFI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MFI and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.32 over the last year and n/a over 5 years.
Is QQQ a good diversifier for MFI?
Reasonably. At 0.22, MFI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 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
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Related comparisons
Hubs: MFI correlations · QQQ correlations
