MGPI vs QQQ: Correlation
How closely do MGP Ingredients, Inc. (MGPI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGPI and QQQ?
Over the past 3 years, MGPI and QQQ moved with a correlation of 0.19, which is weak. The past 12 months show a weaker link (0.07) than the 3-year average (0.19). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 154.0 %².
QQQ is close to the least connected end of MGPI's tracked universe, ranking #8 of 11. The last year tells two different stories: QQQ led by 70.3 percentage points, -44.0% for MGPI against +26.3% for QQQ. Risk is not evenly split, since MGPI carries 2.1 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.
MGPI vs QQQ: side by side
| MGPI (MGP Ingredients, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -44.0% | +26.3% |
| 5-year return | -73.6% | +95.4% |
| Volatility (ann.) | 40.4% | 19.6% |
| Beta vs S&P 500 | 0.75 | 1.28 |
| Max drawdown (3Y) | -86.5% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.75% | 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 | MGPI | QQQ |
|---|---|---|
| 2022 | +25.8% | -32.6% |
| 2023 | -7.0% | +54.9% |
| 2024 | -59.8% | +25.6% |
| 2025 | -37.3% | +20.8% |
| 2026 | -31.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGPI and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MGPI and QQQ?
As of 2026-08-27, the correlation of weekly returns between MGPI and QQQ is 0.19 over 3 years, 0.07 over 1 year and 0.23 over 5 years.
Is QQQ a good diversifier for MGPI?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 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/mgpi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mgpi-vs-qqq/)
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Related comparisons
Hubs: MGPI correlations · QQQ correlations
