MLM vs QQQ: Correlation
Martin Marietta Materials (MLM) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLM and QQQ?
On 3 years of weekly data the MLM/QQQ correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.46). The 5-year figure is 0.54, and annualized covariance runs at 214.2 %².
Among the 36 assets we track against MLM, QQQ ranks #22 by 3-year correlation. The last year tells two different stories: QQQ led by 40.1 percentage points, -13.8% for MLM against +26.3% for QQQ. Across three years, the rolling one-year figure varied moderately, from 0.26 to 0.64.
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.
MLM vs QQQ: side by side
| MLM (Martin Marietta Materials) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -13.8% | +26.3% |
| 5-year return | +42.4% | +95.4% |
| Volatility (ann.) | 23.9% | 19.6% |
| Beta vs S&P 500 | 0.85 | 1.28 |
| Max drawdown (3Y) | -26.8% | -22.8% |
| Market cap | $37.5B | – |
| P/E (trailing) | 34.4 | – |
| Dividend yield | 0.62% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Materials | 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 | MLM | QQQ |
|---|---|---|
| 2022 | -22.7% | -32.6% |
| 2023 | +48.6% | +54.9% |
| 2024 | +4.1% | +25.6% |
| 2025 | +21.3% | +20.8% |
| 2026 | -14.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLM and QQQ good diversifiers for each other?
Reasonably. At 0.46, MLM and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MLM and QQQ?
The MLM/QQQ correlation stands at 0.46 on a 3-year window (1 year: 0.28, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MLM?
Reasonably. At 0.46, MLM and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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: MLM correlations · QQQ correlations
