MQ vs WMK: Correlation
How closely do Marqeta, Inc. (MQ) and Weis Markets, Inc. (WMK) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MQ and WMK?
Over the past 3 years, MQ and WMK moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.23 over 3 years. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -267.3 %².
Among the 18 assets we track against MQ, WMK ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WMK outperformed by 32.5 percentage points (-35.4% for MQ against -2.9% for WMK). Risk is not evenly split, since MQ carries 1.7 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 WMK: side by side
| MQ (Marqeta, Inc.) | WMK (Weis Markets, Inc.) | |
|---|---|---|
| 1-year return | -35.4% | -2.9% |
| 5-year return | -85.0% | +36.2% |
| Volatility (ann.) | 43.5% | 26.2% |
| Beta vs S&P 500 | 0.49 | 0.07 |
| Max drawdown (3Y) | -53.3% | -29.4% |
| Market cap | $1.7B | – |
| P/E (trailing) | 180.1 | 17.6 |
| Dividend yield | 0.00% | 1.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MQ | WMK |
|---|---|---|
| 2022 | -64.4% | +27.1% |
| 2023 | +14.2% | -20.8% |
| 2024 | -45.7% | +8.0% |
| 2025 | +25.3% | -3.6% |
| 2026 | -14.7% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MQ and WMK good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MQ and WMK?
As of 2026-08-27, the correlation of weekly returns between MQ and WMK is -0.23 over 3 years, 0.06 over 1 year and -0.09 over 5 years.
Is WMK a good diversifier for MQ?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mq-vs-wmk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mq-vs-wmk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MQ correlations · WMK correlations
