MSI vs QQQ: Correlation
Measured on weekly returns over the past three years, Motorola Solutions (MSI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSI and QQQ?
On 3 years of weekly data the MSI/QQQ correlation comes out at 0.28, weak. The link has loosened recently: the 1-year correlation (-0.09) runs below the 3-year figure (0.28). The 5-year figure is 0.43, and annualized covariance runs at 120.7 %².
Among the 32 assets we track against MSI, QQQ ranks #21 by 3-year correlation. The last year tells two different stories: QQQ led by 20.4 percentage points, +5.9% for MSI 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 -0.17 to 0.58.
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.
MSI vs QQQ: side by side
| MSI (Motorola Solutions) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.9% | +26.3% |
| 5-year return | +111.1% | +95.4% |
| Volatility (ann.) | 22.1% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -27.0% | -22.8% |
| Market cap | $80.5B | – |
| P/E (trailing) | 38.5 | – |
| Dividend yield | 0.97% | 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 | MSI | QQQ |
|---|---|---|
| 2022 | -3.8% | -32.6% |
| 2023 | +23.0% | +54.9% |
| 2024 | +49.1% | +25.6% |
| 2025 | -16.2% | +20.8% |
| 2026 | +27.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MSI and QQQ?
As of 2026-08-27, the correlation of weekly returns between MSI and QQQ is 0.28 over 3 years, -0.09 over 1 year and 0.43 over 5 years.
Is QQQ a good diversifier for MSI?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined 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
$ curl https://www.pairbook.io/api/v1/pairs/msi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/msi-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MSI correlations · QQQ correlations
