MLPB vs QQQ: Correlation
Measured on weekly returns over the past three years, ETRACS Alerian MLP Infrastructure Index ETN Series B due (MLPB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.14, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLPB and QQQ?
Across a 3-year window, the weekly returns of MLPB and QQQ correlate at 0.14, weak. The past 12 months show a weaker link (-0.35) than the 3-year average (0.14). Stretching to 5 years gives 0.23, with an annualized covariance of 44.7 %².
Out of 22 assets tracked against MLPB, QQQ lands near the bottom at #19. Neither side won the trailing year by much: +29.4% against +26.3%.
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.
MLPB vs QQQ: side by side
| MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B due) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +29.4% | +26.3% |
| 5-year return | +186.2% | +95.4% |
| Volatility (ann.) | 16.5% | 19.6% |
| Beta vs S&P 500 | 0.32 | 1.28 |
| Max drawdown (3Y) | -16.5% | -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 | MLPB | QQQ |
|---|---|---|
| 2022 | +30.2% | -32.6% |
| 2023 | +22.0% | +54.9% |
| 2024 | +25.5% | +25.6% |
| 2025 | +7.4% | +20.8% |
| 2026 | +29.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLPB and QQQ good diversifiers for each other?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MLPB and QQQ?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with -0.35 over the last year and 0.23 over 5 years.
Is QQQ a good diversifier for MLPB?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.14 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/mlpb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mlpb-vs-qqq/)
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Related comparisons
Hubs: MLPB correlations · QQQ correlations
