MNY vs QQQ: Correlation
How closely do MoneyHero Limited - Class A (MNY) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNY and QQQ?
Over the past 3 years, MNY and QQQ moved with a correlation of 0.12, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.25 versus 0.12 over 3 years. Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 380.4 %².
QQQ is close to the least connected end of MNY's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 81.3 points (-55.0% versus +26.3%). Risk is not evenly split, since MNY carries 8.0 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.
MNY vs QQQ: side by side
| MNY (MoneyHero Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -55.0% | +26.3% |
| 5-year return | -91.3% | +95.4% |
| Volatility (ann.) | 157.6% | 19.6% |
| Beta vs S&P 500 | 1.67 | 1.28 |
| Max drawdown (3Y) | -94.1% | -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 | MNY | QQQ |
|---|---|---|
| 2022 | +0.9% | -32.6% |
| 2023 | -82.6% | +54.9% |
| 2024 | -34.9% | +25.6% |
| 2025 | +12.5% | +20.8% |
| 2026 | -32.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNY and QQQ good diversifiers for each other?
Yes. With a correlation of 0.12, MNY and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MNY and QQQ?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.25 over the last year and 0.09 over 5 years.
Is QQQ a good diversifier for MNY?
Yes. With a correlation of 0.12, MNY and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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/mny-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mny-vs-qqq/)
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Related comparisons
Hubs: MNY correlations · QQQ correlations
