MPTI vs QQQ: Correlation
Measured on weekly returns over the past three years, M-tron Industries, Inc. (MPTI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPTI and QQQ?
On 3 years of weekly data the MPTI/QQQ correlation comes out at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 453.4 %².
Among the 11 assets we track against MPTI, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: MPTI led by 47.6 percentage points, +73.9% for MPTI against +26.3% for QQQ. Risk is not evenly split, since MPTI carries 3.5 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.
MPTI vs QQQ: side by side
| MPTI (M-tron Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +73.9% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 68.5% | 19.6% |
| Beta vs S&P 500 | 1.51 | 1.28 |
| Max drawdown (3Y) | -50.0% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 31.1 | – |
| 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 | MPTI | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +308.0% | +54.9% |
| 2024 | +35.7% | +25.6% |
| 2025 | +9.9% | +20.8% |
| 2026 | +47.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPTI and QQQ good diversifiers for each other?
Reasonably. At 0.34, MPTI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MPTI and QQQ?
As of 2026-08-27, the correlation of weekly returns between MPTI and QQQ is 0.34 over 3 years, 0.38 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for MPTI?
Reasonably. At 0.34, MPTI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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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Related comparisons
Hubs: MPTI correlations · QQQ correlations
