MQ vs WTTR: Correlation
How closely do Marqeta, Inc. (MQ) and Select Water Solutions, Inc. (WTTR) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MQ and WTTR?
Over the past 3 years, MQ and WTTR moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.28 over 3. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -539.7 %².
Among the 18 assets we track against MQ, WTTR ranks #12 by 3-year correlation. The last year tells two different stories: WTTR led by 175.8 percentage points, -35.4% for MQ against +140.4% for WTTR.
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 WTTR: side by side
| MQ (Marqeta, Inc.) | WTTR (Select Water Solutions, Inc.) | |
|---|---|---|
| 1-year return | -35.4% | +140.4% |
| 5-year return | -85.0% | +303.0% |
| Volatility (ann.) | 43.5% | 44.1% |
| Beta vs S&P 500 | 0.49 | 0.91 |
| Max drawdown (3Y) | -53.3% | -50.7% |
| Market cap | $1.7B | $2.8B |
| P/E (trailing) | 180.1 | 69.8 |
| Dividend yield | 0.00% | 1.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MQ | WTTR |
|---|---|---|
| 2022 | -64.4% | +49.2% |
| 2023 | +14.2% | -15.6% |
| 2024 | -45.7% | +79.2% |
| 2025 | +25.3% | -18.3% |
| 2026 | -14.7% | +88.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MQ and WTTR good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MQ and WTTR?
As of 2026-08-27, the correlation of weekly returns between MQ and WTTR is -0.28 over 3 years, -0.33 over 1 year and -0.11 over 5 years.
Is WTTR a good diversifier for MQ?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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-wttr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mq-vs-wttr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MQ correlations · WTTR correlations
