MIRM vs QQQ: Correlation
Mirum Pharmaceuticals, Inc. (MIRM) 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 MIRM and QQQ?
Across a 3-year window, the weekly returns of MIRM and QQQ correlate at 0.22, weak. The relationship has been stable: the 1-year correlation (0.23) sits close to the 3-year figure. Stretching to 5 years gives 0.20, with an annualized covariance of 182.4 %².
QQQ is close to the least connected end of MIRM's tracked universe, ranking #8 of 11. On 12-month performance MIRM holds a 7.3-point edge, +33.6% against +26.3%. Risk is not evenly split, since MIRM carries 2.2 times the volatility of the other side.
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.
MIRM vs QQQ: side by side
| MIRM (Mirum Pharmaceuticals, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +33.6% | +26.3% |
| 5-year return | +522.7% | +95.4% |
| Volatility (ann.) | 43.0% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -32.5% | -22.8% |
| Market cap | $6.1B | – |
| P/E (trailing) | – | – |
| 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 | MIRM | QQQ |
|---|---|---|
| 2022 | +22.3% | -32.6% |
| 2023 | +51.4% | +54.9% |
| 2024 | +40.1% | +25.6% |
| 2025 | +91.0% | +20.8% |
| 2026 | +26.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIRM 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 MIRM and QQQ?
The MIRM/QQQ correlation stands at 0.22 on a 3-year window (1 year: 0.23, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MIRM?
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/mirm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mirm-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MIRM correlations · QQQ correlations
