MIR vs QQQ: Correlation
Measured on weekly returns over the past three years, Mirion Technologies, Inc. (MIR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIR and QQQ?
Over the past 3 years, MIR and QQQ moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 412.1 %².
QQQ is close to the least connected end of MIR's tracked universe, ranking #8 of 11. The last year tells two different stories: QQQ led by 53.6 percentage points, -27.3% for MIR against +26.3% for QQQ. One caveat on sizing: MIR is 2.1 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.
MIR vs QQQ: side by side
| MIR (Mirion Technologies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -27.3% | +26.3% |
| 5-year return | +49.5% | +95.4% |
| Volatility (ann.) | 41.2% | 19.6% |
| Beta vs S&P 500 | 1.53 | 1.28 |
| Max drawdown (3Y) | -51.0% | -22.8% |
| Market cap | $3.7B | – |
| P/E (trailing) | 165.0 | – |
| 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 | MIR | QQQ |
|---|---|---|
| 2022 | -36.9% | -32.6% |
| 2023 | +55.1% | +54.9% |
| 2024 | +70.2% | +25.6% |
| 2025 | +34.2% | +20.8% |
| 2026 | -36.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIR and QQQ good diversifiers for each other?
Only partially. A correlation of 0.51 means MIR and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MIR and QQQ?
The MIR/QQQ correlation stands at 0.51 on a 3-year window (1 year: 0.46, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MIR?
Only partially. A correlation of 0.51 means MIR and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/mir-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mir-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MIR correlations · QQQ correlations
