MTH vs QQQ: Correlation
Meritage Homes Corporation (MTH) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTH and QQQ?
Over the past 3 years, MTH and QQQ moved with a correlation of 0.24, which is weak. The past 12 months show a weaker link (0.13) than the 3-year average (0.24). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 180.1 %².
Out of 35 assets tracked against MTH, QQQ lands near the bottom at #31. Correlation aside, the last 12 months split them widely, with QQQ ahead by 33.3 points (-7.0% versus +26.3%). One caveat on sizing: MTH is 2.0 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.
MTH vs QQQ: side by side
| MTH (Meritage Homes Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -7.0% | +26.3% |
| 5-year return | +34.0% | +95.4% |
| Volatility (ann.) | 39.0% | 19.6% |
| Beta vs S&P 500 | 0.90 | 1.28 |
| Max drawdown (3Y) | -43.0% | -22.8% |
| Market cap | $4.6B | – |
| P/E (trailing) | 15.0 | – |
| Dividend yield | 2.52% | 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 | MTH | QQQ |
|---|---|---|
| 2022 | -24.5% | -32.6% |
| 2023 | +90.5% | +54.9% |
| 2024 | -10.2% | +25.6% |
| 2025 | -12.3% | +20.8% |
| 2026 | +8.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTH and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MTH and QQQ?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.13 over the last year and 0.38 over 5 years.
Is QQQ a good diversifier for MTH?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 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/mth-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mth-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTH correlations · QQQ correlations
