MPWR vs QQQ: Correlation
How closely do Monolithic Power Systems (MPWR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPWR and QQQ?
Over the past 3 years, MPWR and QQQ moved with a correlation of 0.68, which is strong. The past 12 months show a weaker link (0.54) than the 3-year average (0.68). Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 641.4 %².
By 3-year correlation, QQQ places #4 of the 41 assets tracked against MPWR. The last year tells two different stories: MPWR led by 26.1 percentage points, +52.4% for MPWR against +26.3% for QQQ. The rolling one-year correlation moved between 0.48 and 0.81 over the past three years, a moderate range. Note the risk asymmetry: MPWR runs 2.5 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.
MPWR vs QQQ: side by side
| MPWR (Monolithic Power Systems) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +52.4% | +26.3% |
| 5-year return | +170.3% | +95.4% |
| Volatility (ann.) | 48.1% | 19.6% |
| Beta vs S&P 500 | 2.22 | 1.28 |
| Max drawdown (3Y) | -51.6% | -22.8% |
| Market cap | $64.4B | – |
| P/E (trailing) | 79.4 | – |
| Dividend yield | 0.55% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | MPWR | QQQ |
|---|---|---|
| 2022 | -27.8% | -32.6% |
| 2023 | +79.8% | +54.9% |
| 2024 | -5.6% | +25.6% |
| 2025 | +54.5% | +20.8% |
| 2026 | +45.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.28% of QQQ is MPWR itself, so the fund partly moves with the stock by construction.
Are MPWR and QQQ good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MPWR and QQQ?
The MPWR/QQQ correlation stands at 0.68 on a 3-year window (1 year: 0.54, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MPWR?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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/mpwr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mpwr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MPWR correlations · QQQ correlations
