MGYR vs QQQ: Correlation
How closely do Magyar Bancorp, Inc. (MGYR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGYR and QQQ?
Over the past 3 years, MGYR and QQQ moved with a correlation of 0.15, which is weak. The past 12 months show a weaker link (0.00) than the 3-year average (0.15). Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 52.5 %².
By 3-year correlation, QQQ places #9 of the 15 assets tracked against MGYR. The trailing year gives QQQ the advantage: +16.5% versus +26.3%, a 9.8-point spread.
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.
MGYR vs QQQ: side by side
| MGYR (Magyar Bancorp, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +16.5% | +26.3% |
| 5-year return | +102.3% | +95.4% |
| Volatility (ann.) | 18.1% | 19.6% |
| Beta vs S&P 500 | 0.26 | 1.28 |
| Max drawdown (3Y) | -18.2% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 10.5 | – |
| Dividend yield | 1.63% | 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 | MGYR | QQQ |
|---|---|---|
| 2022 | +6.1% | -32.6% |
| 2023 | -10.7% | +54.9% |
| 2024 | +32.6% | +25.6% |
| 2025 | +20.5% | +20.8% |
| 2026 | +14.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGYR and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between MGYR and QQQ?
Using weekly returns as of 2026-08-27: 0.15 over 3 years, with 0.00 over the last year and 0.14 over 5 years.
Is QQQ a good diversifier for MGYR?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 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/mgyr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mgyr-vs-qqq/)
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Related comparisons
Hubs: MGYR correlations · QQQ correlations
