MSTR vs QQQ: Correlation
Strategy Inc (MSTR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSTR and QQQ?
On 3 years of weekly data the MSTR/QQQ correlation comes out at 0.25, weak. Lately the two have moved closer together, with the 1-year correlation at 0.44 versus 0.25 over 3 years. The 5-year figure is 0.40, and annualized covariance runs at 431.9 %².
Out of 11 assets tracked against MSTR, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 86.1 percentage points (-59.8% for MSTR against +26.3% for QQQ). Risk is not evenly split, since MSTR carries 4.4 times the volatility of the other side.
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.
MSTR vs QQQ: side by side
| MSTR (Strategy Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -59.8% | +26.3% |
| 5-year return | +95.5% | +95.4% |
| Volatility (ann.) | 87.2% | 19.6% |
| Beta vs S&P 500 | 1.49 | 1.28 |
| Max drawdown (3Y) | -82.6% | -22.8% |
| Market cap | $54.6B | – |
| 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 | MSTR | QQQ |
|---|---|---|
| 2022 | -74.0% | -32.6% |
| 2023 | +346.2% | +54.9% |
| 2024 | +358.5% | +25.6% |
| 2025 | -47.5% | +20.8% |
| 2026 | -9.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.18% of QQQ is MSTR itself, so the fund partly moves with the stock by construction.
Are MSTR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MSTR and QQQ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.44 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for MSTR?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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/mstr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mstr-vs-qqq/)
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Related comparisons
Hubs: MSTR correlations · QQQ correlations
