MMI vs QQQ: Correlation
Marcus & Millichap, Inc. (MMI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMI and QQQ?
On 3 years of weekly data the MMI/QQQ correlation comes out at 0.28, weak. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.28). The 5-year figure is 0.42, and annualized covariance runs at 170.8 %².
Out of 18 assets tracked against MMI, QQQ lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with QQQ ahead by 27.6 points (-1.3% versus +26.3%). Risk is not evenly split, since MMI 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.
MMI vs QQQ: side by side
| MMI (Marcus & Millichap, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.3% | +26.3% |
| 5-year return | -11.7% | +95.4% |
| Volatility (ann.) | 31.5% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -41.7% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 85.9 | – |
| Dividend yield | 1.55% | 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 | MMI | QQQ |
|---|---|---|
| 2022 | -30.8% | -32.6% |
| 2023 | +28.8% | +54.9% |
| 2024 | -11.2% | +25.6% |
| 2025 | -27.6% | +20.8% |
| 2026 | +17.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MMI and QQQ?
The MMI/QQQ correlation stands at 0.28 on a 3-year window (1 year: 0.09, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MMI?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 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: MMI correlations · QQQ correlations
