MHO vs QQQ: Correlation
How closely do M/I Homes, Inc. (MHO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHO and QQQ?
Over the past 3 years, MHO and QQQ moved with a correlation of 0.26, which is weak. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.26). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 191.6 %².
QQQ is close to the least connected end of MHO's tracked universe, ranking #18 of 21. The last year tells two different stories: QQQ led by 22.9 percentage points, +3.4% for MHO against +26.3% for QQQ. One caveat on sizing: MHO is 1.9 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.
MHO vs QQQ: side by side
| MHO (M/I Homes, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.4% | +26.3% |
| 5-year return | +131.4% | +95.4% |
| Volatility (ann.) | 38.2% | 19.6% |
| Beta vs S&P 500 | 0.92 | 1.28 |
| Max drawdown (3Y) | -40.6% | -22.8% |
| Market cap | $3.8B | – |
| P/E (trailing) | 12.8 | – |
| 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 | MHO | QQQ |
|---|---|---|
| 2022 | -25.7% | -32.6% |
| 2023 | +198.3% | +54.9% |
| 2024 | -3.5% | +25.6% |
| 2025 | -3.8% | +20.8% |
| 2026 | +18.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHO and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MHO and QQQ?
The MHO/QQQ correlation stands at 0.26 on a 3-year window (1 year: 0.12, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MHO?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mho-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mho-vs-qqq/)
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Related comparisons
Hubs: MHO correlations · QQQ correlations
