MPC vs QQQ: Correlation
Measured on weekly returns over the past three years, Marathon Petroleum (MPC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPC and QQQ?
Over the past 3 years, MPC and QQQ moved with a correlation of 0.11, which is weak. The link has loosened recently: the 1-year correlation (-0.30) runs below the 3-year figure (0.11). Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 76.4 %².
Among the 29 assets we track against MPC, QQQ ranks #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MPC outperformed by 81.5 percentage points (+107.8% for MPC against +26.3% for QQQ). The relationship is regime-dependent: the rolling one-year correlation swung between -0.36 and 0.56 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: MPC runs 1.7 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.
MPC vs QQQ: side by side
| MPC (Marathon Petroleum) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +107.8% | +26.3% |
| 5-year return | +589.6% | +95.4% |
| Volatility (ann.) | 34.2% | 19.6% |
| Beta vs S&P 500 | 0.48 | 1.28 |
| Max drawdown (3Y) | -44.7% | -22.8% |
| Market cap | $102.1B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 1.10% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Energy | 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 | MPC | QQQ |
|---|---|---|
| 2022 | +86.6% | -32.6% |
| 2023 | +30.5% | +54.9% |
| 2024 | -4.1% | +25.6% |
| 2025 | +19.2% | +20.8% |
| 2026 | +126.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between MPC and QQQ?
As of 2026-08-27, the correlation of weekly returns between MPC and QQQ is 0.11 over 3 years, -0.30 over 1 year and 0.12 over 5 years.
Is QQQ a good diversifier for MPC?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mpc-vs-qqq/)
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Related comparisons
Hubs: MPC correlations · QQQ correlations
