MLI vs QQQ: Correlation
Mueller Industries, Inc. (MLI) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLI and QQQ?
On 3 years of weekly data the MLI/QQQ correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 247.9 %².
QQQ is close to the least connected end of MLI's tracked universe, ranking #7 of 10. The trailing year gives MLI the advantage: +34.4% versus +26.3%, a 8.1-point spread. Risk is not evenly split, since MLI carries 1.6 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.
MLI vs QQQ: side by side
| MLI (Mueller Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +34.4% | +26.3% |
| 5-year return | +509.6% | +95.4% |
| Volatility (ann.) | 31.5% | 19.6% |
| Beta vs S&P 500 | 0.93 | 1.28 |
| Max drawdown (3Y) | -27.8% | -22.8% |
| Market cap | $14.2B | – |
| P/E (trailing) | 16.7 | – |
| Dividend yield | 0.94% | 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 | MLI | QQQ |
|---|---|---|
| 2022 | +1.0% | -32.6% |
| 2023 | +62.4% | +54.9% |
| 2024 | +70.5% | +25.6% |
| 2025 | +46.3% | +20.8% |
| 2026 | +12.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLI and QQQ good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MLI and QQQ?
As of 2026-08-27, the correlation of weekly returns between MLI and QQQ is 0.40 over 3 years, 0.32 over 1 year and 0.43 over 5 years.
Is QQQ a good diversifier for MLI?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/mli-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mli-vs-qqq/)
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Related comparisons
Hubs: MLI correlations · QQQ correlations
