MRTN vs QQQ: Correlation
Marten Transport, Ltd. (MRTN) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRTN and QQQ?
On 3 years of weekly data the MRTN/QQQ correlation comes out at 0.31, moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.31). The 5-year figure is 0.29, and annualized covariance runs at 175.0 %².
Among the 21 assets we track against MRTN, QQQ sits near the bottom by co-movement, at rank #18. Neither side won the trailing year by much: +23.4% against +26.3%.
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.
MRTN vs QQQ: side by side
| MRTN (Marten Transport, Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +23.4% | +26.3% |
| 5-year return | -1.0% | +95.4% |
| Volatility (ann.) | 28.6% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -54.8% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 96.4 | – |
| Dividend yield | 1.66% | 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 | MRTN | QQQ |
|---|---|---|
| 2022 | +16.7% | -32.6% |
| 2023 | +7.3% | +54.9% |
| 2024 | -24.6% | +25.6% |
| 2025 | -25.7% | +20.8% |
| 2026 | +28.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRTN and QQQ good diversifiers for each other?
Reasonably. At 0.31, MRTN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MRTN and QQQ?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.12 over the last year and 0.29 over 5 years.
Is QQQ a good diversifier for MRTN?
Reasonably. At 0.31, MRTN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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/mrtn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mrtn-vs-qqq/)
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Related comparisons
Hubs: MRTN correlations · QQQ correlations
