MLCI vs QQQ: Correlation
Mount Logan Capital Inc. (MLCI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLCI and QQQ?
Over the past 3 years, MLCI and QQQ moved with a correlation of 0.10, which is weak. The relationship has been stable: the 1-year correlation (0.11) sits close to the 3-year figure. Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 106.3 %².
Out of 12 assets tracked against MLCI, QQQ lands near the bottom at #9. The last year tells two different stories: QQQ led by 56.5 percentage points, -30.2% for MLCI against +26.3% for QQQ. Risk is not evenly split, since MLCI carries 2.8 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.
MLCI vs QQQ: side by side
| MLCI (Mount Logan Capital Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -30.2% | +26.3% |
| 5-year return | -55.0% | +95.4% |
| Volatility (ann.) | 54.8% | 19.6% |
| Beta vs S&P 500 | 0.45 | 1.28 |
| Max drawdown (3Y) | -68.8% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.68% | 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 | MLCI | QQQ |
|---|---|---|
| 2022 | -28.2% | -32.6% |
| 2023 | -22.3% | +54.9% |
| 2024 | -10.5% | +25.6% |
| 2025 | +125.7% | +20.8% |
| 2026 | -60.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLCI and QQQ good diversifiers for each other?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MLCI and QQQ?
As of 2026-08-27, the correlation of weekly returns between MLCI and QQQ is 0.10 over 3 years, 0.11 over 1 year and 0.11 over 5 years.
Is QQQ a good diversifier for MLCI?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.10 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mlci-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mlci-vs-qqq/)
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Related comparisons
Hubs: MLCI correlations · QQQ correlations
