MKDW vs QQQ: Correlation
How closely do MKDWELL Tech Inc. (MKDW) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKDW and QQQ?
On 3 years of weekly data the MKDW/QQQ correlation comes out at 0.20, weak. The past 12 months show a weaker link (-0.01) than the 3-year average (0.20). The 5-year figure is n/a, and annualized covariance runs at 499.4 %².
Among the 16 assets we track against MKDW, QQQ ranks #9 by 3-year correlation. The last year tells two different stories: MKDW led by 56.8 percentage points, +83.1% for MKDW against +26.3% for QQQ. One caveat on sizing: MKDW is 6.7 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.
MKDW vs QQQ: side by side
| MKDW (MKDWELL Tech Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +83.1% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 130.7% | 19.6% |
| Beta vs S&P 500 | 1.90 | 1.28 |
| Max drawdown (3Y) | -99.4% | -22.8% |
| Market cap | – | – |
| 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 | MKDW | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -91.3% | +25.6% |
| 2025 | -82.6% | +20.8% |
| 2026 | +138.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKDW and QQQ good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MKDW and QQQ?
As of 2026-08-27, the correlation of weekly returns between MKDW and QQQ is 0.20 over 3 years, -0.01 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for MKDW?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
A reading of 0.20 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: MKDW correlations · QQQ correlations
