MRVL vs QQQ: Correlation
How closely do Marvell Technology (MRVL) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRVL and QQQ?
Over the past 3 years, MRVL and QQQ moved with a correlation of 0.62, which is strong. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.62). Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 701.2 %².
Within MRVL's tracked universe of 30 assets, QQQ comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MRVL outperformed by 197.2 percentage points (+223.5% for MRVL against +26.3% for QQQ). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.27 to 0.80. One caveat on sizing: MRVL is 2.9 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.
MRVL vs QQQ: side by side
| MRVL (Marvell Technology) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +223.5% | +26.3% |
| 5-year return | +297.0% | +95.4% |
| Volatility (ann.) | 57.8% | 19.6% |
| Beta vs S&P 500 | 2.19 | 1.28 |
| Max drawdown (3Y) | -60.8% | -22.8% |
| Market cap | $217.0B | – |
| P/E (trailing) | 82.7 | – |
| Dividend yield | 0.10% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | MRVL | QQQ |
|---|---|---|
| 2022 | -57.5% | -32.6% |
| 2023 | +63.7% | +54.9% |
| 2024 | +83.8% | +25.6% |
| 2025 | -22.8% | +20.8% |
| 2026 | +184.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.95% of QQQ is MRVL itself, so the fund partly moves with the stock by construction.
Are MRVL and QQQ good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MRVL and QQQ?
The MRVL/QQQ correlation stands at 0.62 on a 3-year window (1 year: 0.41, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MRVL?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 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/mrvl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mrvl-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRVL correlations · QQQ correlations
