MIDD vs QQQ: Correlation
The Middleby Corporation (MIDD) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIDD and QQQ?
On 3 years of weekly data the MIDD/QQQ correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 232.7 %².
Out of 13 assets tracked against MIDD, QQQ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 23.8 percentage points (+2.5% for MIDD against +26.3% for QQQ). Note the risk asymmetry: MIDD runs 1.8 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.
MIDD vs QQQ: side by side
| MIDD (The Middleby Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +2.5% | +26.3% |
| 5-year return | -24.2% | +95.4% |
| Volatility (ann.) | 36.0% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -35.4% | -22.8% |
| Market cap | $5.1B | – |
| P/E (trailing) | 17.3 | – |
| 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 | MIDD | QQQ |
|---|---|---|
| 2022 | -31.9% | -32.6% |
| 2023 | +9.9% | +54.9% |
| 2024 | -8.0% | +25.6% |
| 2025 | +9.8% | +20.8% |
| 2026 | -5.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIDD and QQQ good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MIDD and QQQ?
The MIDD/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.27, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MIDD?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/midd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/midd-vs-qqq/)
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Related comparisons
Hubs: MIDD correlations · QQQ correlations
