MRVL vs QQQM: Correlation
How closely do Marvell Technology (MRVL) and Invesco Nasdaq 100 ETF (QQQM) 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 QQQM?
On 3 years of weekly data the MRVL/QQQM correlation comes out at 0.62, strong. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.62). The 5-year figure is 0.65, and annualized covariance runs at 698.2 %².
Within MRVL's tracked universe of 30 assets, QQQM comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MRVL ahead by 197.1 points (+223.5% versus +26.4%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.28 to 0.80. Note the risk asymmetry: MRVL runs 3.0 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.
MRVL vs QQQM: side by side
| MRVL (Marvell Technology) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +223.5% | +26.4% |
| 5-year return | +297.0% | +96.1% |
| Volatility (ann.) | 57.8% | 19.5% |
| Beta vs S&P 500 | 2.19 | 1.28 |
| Max drawdown (3Y) | -60.8% | -22.7% |
| Market cap | $217.0B | – |
| P/E (trailing) | 82.7 | – |
| Dividend yield | 0.10% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Information Technology | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | MRVL | QQQM |
|---|---|---|
| 2022 | -57.5% | -32.5% |
| 2023 | +63.7% | +55.0% |
| 2024 | +83.8% | +25.7% |
| 2025 | -22.8% | +20.9% |
| 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 QQQM is MRVL itself, so the fund partly moves with the stock by construction.
Are MRVL and QQQM 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 QQQM?
The MRVL/QQQM 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 QQQM 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-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mrvl-vs-qqqm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MRVL correlations · QQQM correlations
