MORN vs QQQ: Correlation
Measured on weekly returns over the past three years, Morningstar, Inc. (MORN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MORN and QQQ?
Across a 3-year window, the weekly returns of MORN and QQQ correlate at 0.30, moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.30). Stretching to 5 years gives 0.46, with an annualized covariance of 180.8 %².
Out of 21 assets tracked against MORN, QQQ lands near the bottom at #18. Correlation aside, the last 12 months split them widely, with QQQ ahead by 42.9 points (-16.6% versus +26.3%). Risk is not evenly split, since MORN 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.
MORN vs QQQ: side by side
| MORN (Morningstar, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -16.6% | +26.3% |
| 5-year return | -15.1% | +95.4% |
| Volatility (ann.) | 30.5% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -60.0% | -22.8% |
| Market cap | $8.2B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.92% | 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 | MORN | QQQ |
|---|---|---|
| 2022 | -36.3% | -32.6% |
| 2023 | +33.1% | +54.9% |
| 2024 | +18.3% | +25.6% |
| 2025 | -35.1% | +20.8% |
| 2026 | +1.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MORN and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MORN and QQQ?
The MORN/QQQ correlation stands at 0.30 on a 3-year window (1 year: 0.17, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MORN?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 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: MORN correlations · QQQ correlations
