MRVI vs QQQ: Correlation
Measured on weekly returns over the past three years, Maravai LifeSciences Holdings, Inc. (MRVI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRVI and QQQ?
On 3 years of weekly data the MRVI/QQQ correlation comes out at 0.18, weak. The link has loosened recently: the 1-year correlation (0.00) runs below the 3-year figure (0.18). The 5-year figure is 0.19, and annualized covariance runs at 300.2 %².
QQQ is close to the least connected end of MRVI's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with MRVI ahead by 232.9 points (+259.2% versus +26.3%). One caveat on sizing: MRVI is 4.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MRVI vs QQQ: side by side
| MRVI (Maravai LifeSciences Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +259.2% | +26.3% |
| 5-year return | -86.0% | +95.4% |
| Volatility (ann.) | 85.9% | 19.6% |
| Beta vs S&P 500 | 1.35 | 1.28 |
| Max drawdown (3Y) | -84.8% | -22.8% |
| Market cap | $3.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | MRVI | QQQ |
|---|---|---|
| 2022 | -65.8% | -32.6% |
| 2023 | -54.2% | +54.9% |
| 2024 | -16.8% | +25.6% |
| 2025 | -40.4% | +20.8% |
| 2026 | +157.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRVI and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MRVI and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.00 over the last year and 0.19 over 5 years.
Is QQQ a good diversifier for MRVI?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 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/mrvi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mrvi-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRVI correlations · QQQ correlations
