MKSI vs QQQ: Correlation
Measured on weekly returns over the past three years, MKS Inc. (MKSI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKSI and QQQ?
Across a 3-year window, the weekly returns of MKSI and QQQ correlate at 0.69, strong. The past 12 months show a weaker link (0.52) than the 3-year average (0.69). Stretching to 5 years gives 0.69, with an annualized covariance of 688.1 %².
By 3-year correlation, QQQ places #13 of the 41 assets tracked against MKSI. Their recent paths diverged sharply: over the last 12 months MKSI outperformed by 131.2 percentage points (+157.5% for MKSI against +26.3% for QQQ). Note the risk asymmetry: MKSI runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MKSI vs QQQ: side by side
| MKSI (MKS Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +157.5% | +26.3% |
| 5-year return | +88.2% | +95.4% |
| Volatility (ann.) | 50.8% | 19.6% |
| Beta vs S&P 500 | 2.39 | 1.28 |
| Max drawdown (3Y) | -59.1% | -22.8% |
| Market cap | $18.3B | – |
| P/E (trailing) | 43.3 | – |
| Dividend yield | 0.35% | 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 | MKSI | QQQ |
|---|---|---|
| 2022 | -51.0% | -32.6% |
| 2023 | +22.6% | +54.9% |
| 2024 | +2.2% | +25.6% |
| 2025 | +54.4% | +20.8% |
| 2026 | +70.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKSI and QQQ good diversifiers for each other?
Only partially. A correlation of 0.69 means MKSI 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 MKSI and QQQ?
As of 2026-08-27, the correlation of weekly returns between MKSI and QQQ is 0.69 over 3 years, 0.52 over 1 year and 0.69 over 5 years.
Is QQQ a good diversifier for MKSI?
Only partially. A correlation of 0.69 means MKSI 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 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mksi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mksi-vs-qqq/)
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Related comparisons
Hubs: MKSI correlations · QQQ correlations
