MQ vs TE: Correlation
Measured on weekly returns over the past three years, Marqeta, Inc. (MQ) and T1 Energy Inc. (TE) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MQ and TE?
On 3 years of weekly data the MQ/TE correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.29). The 5-year figure is -0.07, and annualized covariance runs at -1587.0 %².
TE is close to the least connected end of MQ's tracked universe, ranking #14 of 18. Their recent paths diverged sharply: over the last 12 months TE outperformed by 249.3 percentage points (-35.4% for MQ against +213.9% for TE). Note the risk asymmetry: TE runs 2.9 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 TE: side by side
| MQ (Marqeta, Inc.) | TE (T1 Energy Inc.) | |
|---|---|---|
| 1-year return | -35.4% | +213.9% |
| 5-year return | -85.0% | -44.5% |
| Volatility (ann.) | 43.5% | 127.8% |
| Beta vs S&P 500 | 0.49 | 2.71 |
| Max drawdown (3Y) | -53.3% | -85.5% |
| Market cap | $1.7B | $1.5B |
| P/E (trailing) | 180.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MQ | TE |
|---|---|---|
| 2022 | -64.4% | -22.4% |
| 2023 | +14.2% | -78.5% |
| 2024 | -45.7% | +38.0% |
| 2025 | +25.3% | +158.9% |
| 2026 | -14.7% | -25.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MQ and TE good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MQ and TE?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.10 over the last year and -0.07 over 5 years.
Is TE a good diversifier for MQ?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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-te.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mq-vs-te/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MQ correlations · TE correlations
