MKC vs QQQ: Correlation
How closely do McCormick & Company (MKC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.01, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKC and QQQ?
On 3 years of weekly data the MKC/QQQ correlation comes out at -0.01, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.08) sits close to the 3-year figure. The 5-year figure is 0.15, and annualized covariance runs at -6.8 %².
By 3-year correlation, QQQ places #24 of the 34 assets tracked against MKC. Correlation aside, the last 12 months split them widely, with QQQ ahead by 46.6 points (-20.3% versus +26.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.30 to 0.31.
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.
MKC vs QQQ: side by side
| MKC (McCormick & Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -20.3% | +26.3% |
| 5-year return | -28.5% | +95.4% |
| Volatility (ann.) | 26.5% | 19.6% |
| Beta vs S&P 500 | 0.24 | 1.28 |
| Max drawdown (3Y) | -44.3% | -22.8% |
| Market cap | $14.7B | – |
| P/E (trailing) | 9.2 | – |
| Dividend yield | 3.38% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | 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 | MKC | QQQ |
|---|---|---|
| 2022 | -12.7% | -32.6% |
| 2023 | -15.7% | +54.9% |
| 2024 | +14.0% | +25.6% |
| 2025 | -8.3% | +20.8% |
| 2026 | -18.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between MKC and QQQ?
Using weekly returns as of 2026-08-27: -0.01 over 3 years, with -0.08 over the last year and 0.15 over 5 years.
Is QQQ a good diversifier for MKC?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
What does a correlation of -0.01 mean?
A reading of -0.01 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MKC correlations · QQQ correlations
