MMA vs QQQ: Correlation
How closely do Mixed Martial Arts Group Limited (MMA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMA and QQQ?
Over the past 3 years, MMA and QQQ moved with a correlation of 0.20, which is weak. Recent behaviour matches the longer record: 0.15 over 1 year against 0.20 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 538.8 %².
Among the 10 assets we track against MMA, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 77.9 percentage points (-51.6% for MMA against +26.3% for QQQ). Note the risk asymmetry: MMA runs 6.9 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.
MMA vs QQQ: side by side
| MMA (Mixed Martial Arts Group Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -51.6% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 134.6% | 19.6% |
| Beta vs S&P 500 | 2.08 | 1.28 |
| Max drawdown (3Y) | -92.2% | -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 | MMA | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -20.6% | +20.8% |
| 2026 | -58.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMA and QQQ good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MMA and QQQ?
Using weekly returns as of 2026-08-27: 0.20 over 3 years, with 0.15 over the last year and n/a over 5 years.
Is QQQ a good diversifier for MMA?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
A reading of 0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MMA correlations · QQQ correlations
