MQ vs SRE: Correlation
Marqeta, Inc. (MQ) and Sempra (SRE) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MQ and SRE?
Across a 3-year window, the weekly returns of MQ and SRE correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Stretching to 5 years gives -0.05, with an annualized covariance of -230.1 %².
Within MQ's tracked universe of 18 assets, SRE comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SRE outperformed by 41.4 percentage points (-35.4% for MQ against +6.0% for SRE). Note the risk asymmetry: MQ runs 1.8 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.
MQ vs SRE: side by side
| MQ (Marqeta, Inc.) | SRE (Sempra) | |
|---|---|---|
| 1-year return | -35.4% | +6.0% |
| 5-year return | -85.0% | +50.4% |
| Volatility (ann.) | 43.5% | 23.9% |
| Beta vs S&P 500 | 0.49 | 0.38 |
| Max drawdown (3Y) | -53.3% | -31.6% |
| Market cap | $1.7B | $55.4B |
| P/E (trailing) | 180.1 | 24.7 |
| Dividend yield | 0.00% | 3.06% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | MQ | SRE |
|---|---|---|
| 2022 | -64.4% | +20.3% |
| 2023 | +14.2% | -0.1% |
| 2024 | -45.7% | +21.1% |
| 2025 | +25.3% | +3.9% |
| 2026 | -14.7% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MQ and SRE good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MQ and SRE?
As of 2026-08-27, the correlation of weekly returns between MQ and SRE is -0.22 over 3 years, -0.32 over 1 year and -0.05 over 5 years.
Is SRE a good diversifier for MQ?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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-sre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mq-vs-sre/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MQ correlations · SRE correlations
