MQ vs QQQ: Correlation
How closely do Marqeta, Inc. (MQ) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MQ and QQQ?
On 3 years of weekly data the MQ/QQQ correlation comes out at 0.12, weak. The past 12 months show a weaker link (-0.05) than the 3-year average (0.12). The 5-year figure is 0.32, and annualized covariance runs at 102.3 %².
Among the 18 assets we track against MQ, QQQ ranks #8 by 3-year correlation. The last year tells two different stories: QQQ led by 61.7 percentage points, -35.4% for MQ against +26.3% for QQQ. Risk is not evenly split, since MQ carries 2.2 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.
MQ vs QQQ: side by side
| MQ (Marqeta, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -35.4% | +26.3% |
| 5-year return | -85.0% | +95.4% |
| Volatility (ann.) | 43.5% | 19.6% |
| Beta vs S&P 500 | 0.49 | 1.28 |
| Max drawdown (3Y) | -53.3% | -22.8% |
| Market cap | $1.7B | – |
| P/E (trailing) | 180.1 | – |
| 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 | MQ | QQQ |
|---|---|---|
| 2022 | -64.4% | -32.6% |
| 2023 | +14.2% | +54.9% |
| 2024 | -45.7% | +25.6% |
| 2025 | +25.3% | +20.8% |
| 2026 | -14.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MQ and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MQ and QQQ?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with -0.05 over the last year and 0.32 over 5 years.
Is QQQ a good diversifier for MQ?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 mean?
A reading of 0.12 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mq-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mq-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MQ correlations · QQQ correlations
