MHH vs QQQ: Correlation
Mastech Digital, Inc (MHH) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHH and QQQ?
Across a 3-year window, the weekly returns of MHH and QQQ correlate at 0.22, weak. Lately the two have drifted apart, with the 1-year correlation at 0.06 versus 0.22 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 197.2 %².
Out of 10 assets tracked against MHH, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 29.3 points (-3.0% versus +26.3%). Note the risk asymmetry: MHH runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MHH vs QQQ: side by side
| MHH (Mastech Digital, Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.0% | +26.3% |
| 5-year return | -56.7% | +95.4% |
| Volatility (ann.) | 46.7% | 19.6% |
| Beta vs S&P 500 | 0.80 | 1.28 |
| Max drawdown (3Y) | -65.6% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 43.4 | – |
| 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 | MHH | QQQ |
|---|---|---|
| 2022 | -35.5% | -32.6% |
| 2023 | -23.4% | +54.9% |
| 2024 | +76.7% | +25.6% |
| 2025 | -53.2% | +20.8% |
| 2026 | +5.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHH and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MHH and QQQ?
The MHH/QQQ correlation stands at 0.22 on a 3-year window (1 year: 0.06, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MHH?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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/mhh-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mhh-vs-qqq/)
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Related comparisons
Hubs: MHH correlations · QQQ correlations
