MPA vs QQQ: Correlation
Blackrock MuniYield Pennsylvania Quality Fund (MPA) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPA and QQQ?
Across a 3-year window, the weekly returns of MPA and QQQ correlate at 0.27, weak. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.27). Stretching to 5 years gives 0.37, with an annualized covariance of 61.5 %².
Among the 14 assets we track against MPA, QQQ sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.7 percentage points (+8.6% for MPA against +26.3% for QQQ). Risk is not evenly split, since QQQ carries 1.7 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.
MPA vs QQQ: side by side
| MPA (Blackrock MuniYield Pennsylvania Quality Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.6% | +26.3% |
| 5-year return | -10.2% | +95.4% |
| Volatility (ann.) | 11.5% | 19.6% |
| Beta vs S&P 500 | 0.27 | 1.28 |
| Max drawdown (3Y) | -14.7% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 33.5 | – |
| Dividend yield | 6.84% | 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 | MPA | QQQ |
|---|---|---|
| 2022 | -31.0% | -32.6% |
| 2023 | +9.7% | +54.9% |
| 2024 | +6.3% | +25.6% |
| 2025 | +1.8% | +20.8% |
| 2026 | +3.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPA and QQQ good diversifiers for each other?
Reasonably. At 0.27, MPA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MPA and QQQ?
The MPA/QQQ correlation stands at 0.27 on a 3-year window (1 year: 0.57, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MPA?
Reasonably. At 0.27, MPA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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/mpa-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mpa-vs-qqq/)
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Related comparisons
Hubs: MPA correlations · QQQ correlations
