MLEC vs QQQ: Correlation
Moolec Science SA (MLEC) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLEC and QQQ?
Over the past 3 years, MLEC and QQQ moved with a correlation of -0.00, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.07) sits close to the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -8.2 %².
Among the 24 assets we track against MLEC, QQQ ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 90.6 points (-64.3% versus +26.3%). Note the risk asymmetry: MLEC runs 5.3 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.
MLEC vs QQQ: side by side
| MLEC (Moolec Science SA) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -64.3% | +26.3% |
| 5-year return | -99.5% | +95.4% |
| Volatility (ann.) | 104.4% | 19.6% |
| Beta vs S&P 500 | -0.21 | 1.28 |
| Max drawdown (3Y) | -99.3% | -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 | MLEC | QQQ |
|---|---|---|
| 2022 | +22.7% | -32.6% |
| 2023 | -79.7% | +54.9% |
| 2024 | -67.5% | +25.6% |
| 2025 | -96.8% | +20.8% |
| 2026 | +78.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLEC and QQQ good diversifiers for each other?
Yes. With a correlation of -0.00, MLEC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MLEC and QQQ?
The MLEC/QQQ correlation stands at -0.00 on a 3-year window (1 year: 0.07, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MLEC?
Yes. With a correlation of -0.00, MLEC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.00 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
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Related comparisons
Hubs: MLEC correlations · QQQ correlations
