MRBK vs QQQ: Correlation
Meridian Corporation (MRBK) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRBK and QQQ?
Over the past 3 years, MRBK and QQQ moved with a correlation of 0.28, which is weak. The past 12 months show a weaker link (-0.03) than the 3-year average (0.28). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 192.7 %².
Out of 13 assets tracked against MRBK, QQQ lands near the bottom at #10. Twelve-month performance is nearly a tie, at +26.7% for MRBK and +26.3% for QQQ. Note the risk asymmetry: MRBK 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.
MRBK vs QQQ: side by side
| MRBK (Meridian Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.7% | +26.3% |
| 5-year return | +64.7% | +95.4% |
| Volatility (ann.) | 35.7% | 19.6% |
| Beta vs S&P 500 | 0.96 | 1.28 |
| Max drawdown (3Y) | -39.2% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 10.6 | – |
| Dividend yield | 2.81% | 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 | MRBK | QQQ |
|---|---|---|
| 2022 | -13.3% | -32.6% |
| 2023 | -4.1% | +54.9% |
| 2024 | +3.4% | +25.6% |
| 2025 | +32.7% | +20.8% |
| 2026 | +12.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRBK and QQQ good diversifiers for each other?
Reasonably. At 0.28, MRBK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MRBK and QQQ?
As of 2026-08-27, the correlation of weekly returns between MRBK and QQQ is 0.28 over 3 years, -0.03 over 1 year and 0.24 over 5 years.
Is QQQ a good diversifier for MRBK?
Reasonably. At 0.28, MRBK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: MRBK correlations · QQQ correlations
