MG vs QQQ: Correlation
Measured on weekly returns over the past three years, Mistras Group Inc (MG) and Invesco QQQ Trust (QQQ) carry a correlation of 0.20, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MG and QQQ?
On 3 years of weekly data the MG/QQQ correlation comes out at 0.20, weak. The link has loosened recently: the 1-year correlation (0.04) runs below the 3-year figure (0.20). The 5-year figure is 0.20, and annualized covariance runs at 155.0 %².
Out of 13 assets tracked against MG, QQQ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months MG outperformed by 73.4 percentage points (+99.7% for MG against +26.3% for QQQ). One caveat on sizing: MG is 2.0 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.
MG vs QQQ: side by side
| MG (Mistras Group Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +99.7% | +26.3% |
| 5-year return | +87.3% | +95.4% |
| Volatility (ann.) | 39.7% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -40.8% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 22.6 | – |
| 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 | MG | QQQ |
|---|---|---|
| 2022 | -33.6% | -32.6% |
| 2023 | +48.5% | +54.9% |
| 2024 | +23.8% | +25.6% |
| 2025 | +39.6% | +20.8% |
| 2026 | +52.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MG and QQQ good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MG and QQQ?
The MG/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.04, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MG?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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/mg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MG correlations · QQQ correlations
