MOH vs QQQ: Correlation
Measured on weekly returns over the past three years, Molina Healthcare Inc (MOH) and Invesco QQQ Trust (QQQ) carry a correlation of -0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOH and QQQ?
On 3 years of weekly data the MOH/QQQ correlation comes out at -0.01, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.04 lands near the 3-year figure. The 5-year figure is 0.09, and annualized covariance runs at -4.6 %².
Within MOH's tracked universe of 21 assets, QQQ comes in at #7 by 3-year correlation. Over the last 12 months QQQ came out ahead by 13.5 percentage points (+12.8% against +26.3%). Note the risk asymmetry: MOH runs 2.3 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.
MOH vs QQQ: side by side
| MOH (Molina Healthcare Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +12.8% | +26.3% |
| 5-year return | -25.1% | +95.4% |
| Volatility (ann.) | 44.8% | 19.6% |
| Beta vs S&P 500 | -0.03 | 1.28 |
| Max drawdown (3Y) | -70.8% | -22.8% |
| Market cap | $10.4B | – |
| P/E (trailing) | 1242.2 | – |
| 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 | MOH | QQQ |
|---|---|---|
| 2022 | +3.8% | -32.6% |
| 2023 | +9.4% | +54.9% |
| 2024 | -19.4% | +25.6% |
| 2025 | -40.4% | +20.8% |
| 2026 | +14.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOH and QQQ good diversifiers for each other?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MOH and QQQ?
As of 2026-08-27, the correlation of weekly returns between MOH and QQQ is -0.01 over 3 years, 0.04 over 1 year and 0.09 over 5 years.
Is QQQ a good diversifier for MOH?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.01 mean?
A reading of -0.01 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/moh-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/moh-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MOH correlations · QQQ correlations
