MTA vs QQQ: Correlation
How closely do Metalla Royalty & Streaming Ltd. (MTA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTA and QQQ?
On 3 years of weekly data the MTA/QQQ correlation comes out at 0.29, weak. The past 12 months show a tighter link (0.45) than the 3-year average (0.29). The 5-year figure is 0.35, and annualized covariance runs at 291.0 %².
Among the 11 assets we track against MTA, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months MTA outperformed by 93.4 percentage points (+119.7% for MTA against +26.3% for QQQ). Risk is not evenly split, since MTA carries 2.6 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.
MTA vs QQQ: side by side
| MTA (Metalla Royalty & Streaming Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +119.7% | +26.3% |
| 5-year return | +45.5% | +95.4% |
| Volatility (ann.) | 51.6% | 19.6% |
| Beta vs S&P 500 | 1.16 | 1.28 |
| Max drawdown (3Y) | -44.4% | -22.8% |
| Market cap | $1.0B | – |
| 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 | MTA | QQQ |
|---|---|---|
| 2022 | -29.1% | -32.6% |
| 2023 | -37.0% | +54.9% |
| 2024 | -18.5% | +25.6% |
| 2025 | +210.0% | +20.8% |
| 2026 | +41.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTA and QQQ good diversifiers for each other?
Reasonably. At 0.29, MTA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MTA and QQQ?
As of 2026-08-27, the correlation of weekly returns between MTA and QQQ is 0.29 over 3 years, 0.45 over 1 year and 0.35 over 5 years.
Is QQQ a good diversifier for MTA?
Reasonably. At 0.29, MTA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mta-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mta-vs-qqq/)
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Related comparisons
Hubs: MTA correlations · QQQ correlations
