MKL vs QQQ: Correlation
Markel Group Inc. (MKL) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKL and QQQ?
Over the past 3 years, MKL and QQQ moved with a correlation of 0.17, which is weak. Recent behaviour matches the longer record: 0.07 over 1 year against 0.17 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 67.8 %².
Out of 12 assets tracked against MKL, QQQ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 34.1 percentage points (-7.8% for MKL against +26.3% for QQQ).
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.
MKL vs QQQ: side by side
| MKL (Markel Group Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -7.8% | +26.3% |
| 5-year return | +43.0% | +95.4% |
| Volatility (ann.) | 21.0% | 19.6% |
| Beta vs S&P 500 | 0.44 | 1.28 |
| Max drawdown (3Y) | -20.1% | -22.8% |
| Market cap | $22.4B | – |
| P/E (trailing) | 10.0 | – |
| 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 | MKL | QQQ |
|---|---|---|
| 2022 | +6.8% | -32.6% |
| 2023 | +7.8% | +54.9% |
| 2024 | +21.6% | +25.6% |
| 2025 | +24.5% | +20.8% |
| 2026 | -16.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKL and QQQ good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MKL and QQQ?
The MKL/QQQ correlation stands at 0.17 on a 3-year window (1 year: 0.07, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MKL?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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/mkl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mkl-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MKL correlations · QQQ correlations
