MO vs QQQM: Correlation
Measured on weekly returns over the past three years, Altria (MO) and Invesco Nasdaq 100 ETF (QQQM) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MO and QQQM?
On 3 years of weekly data the MO/QQQM correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.18 over 3 years. The 5-year figure is -0.01, and annualized covariance runs at -76.6 %².
By 3-year correlation, QQQM places #26 of the 49 assets tracked against MO. The last year tells two different stories: QQQM led by 17.6 percentage points, +8.8% for MO against +26.4% for QQQM. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.40 to 0.25.
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.
MO vs QQQM: side by side
| MO (Altria) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +8.8% | +26.4% |
| 5-year return | +100.4% | +96.1% |
| Volatility (ann.) | 21.8% | 19.5% |
| Beta vs S&P 500 | -0.07 | 1.28 |
| Max drawdown (3Y) | -16.4% | -22.7% |
| Market cap | $113.0B | – |
| P/E (trailing) | 14.6 | – |
| Dividend yield | 6.13% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Consumer Staples | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | MO | QQQM |
|---|---|---|
| 2022 | +4.4% | -32.5% |
| 2023 | -3.7% | +55.0% |
| 2024 | +40.8% | +25.7% |
| 2025 | +18.2% | +20.9% |
| 2026 | +21.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MO and QQQM good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between MO and QQQM?
As of 2026-08-27, the correlation of weekly returns between MO and QQQM is -0.18 over 3 years, -0.39 over 1 year and -0.01 over 5 years.
Is QQQM a good diversifier for MO?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mo-vs-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mo-vs-qqqm/)
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Related comparisons
Hubs: MO correlations · QQQM correlations
