MPT vs QQQ: Correlation
How closely do Medical Properties Trust, Inc. (MPT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPT and QQQ?
On 3 years of weekly data the MPT/QQQ correlation comes out at 0.17, weak. The relationship has been stable: the 1-year correlation (0.26) sits close to the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 181.1 %².
QQQ is close to the least connected end of MPT's tracked universe, ranking #7 of 11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 28.4 percentage points (-2.1% for MPT against +26.3% for QQQ). Risk is not evenly split, since MPT carries 2.7 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.
MPT vs QQQ: side by side
| MPT (Medical Properties Trust, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.1% | +26.3% |
| 5-year return | -69.8% | +95.4% |
| Volatility (ann.) | 53.6% | 19.6% |
| Beta vs S&P 500 | 1.05 | 1.28 |
| Max drawdown (3Y) | -55.9% | -22.8% |
| Market cap | $2.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.58% | 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 | MPT | QQQ |
|---|---|---|
| 2022 | -49.0% | -32.6% |
| 2023 | -50.3% | +54.9% |
| 2024 | -11.5% | +25.6% |
| 2025 | +35.2% | +20.8% |
| 2026 | -16.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between MPT and QQQ?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with 0.26 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for MPT?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 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.
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Related comparisons
Hubs: MPT correlations · QQQ correlations
