MTSI vs QQQ: Correlation
Measured on weekly returns over the past three years, MACOM Technology Solutions Holdings, Inc. (MTSI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTSI and QQQ?
Over the past 3 years, MTSI and QQQ moved with a correlation of 0.55, which is moderate. The past 12 months show a weaker link (0.45) than the 3-year average (0.55). Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 519.6 %².
By 3-year correlation, QQQ places #10 of the 17 assets tracked against MTSI. Their recent paths diverged sharply: over the last 12 months MTSI outperformed by 87.5 percentage points (+113.8% for MTSI against +26.3% for QQQ). Note the risk asymmetry: MTSI runs 2.5 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.
MTSI vs QQQ: side by side
| MTSI (MACOM Technology Solutions Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +113.8% | +26.3% |
| 5-year return | +341.3% | +95.4% |
| Volatility (ann.) | 48.7% | 19.6% |
| Beta vs S&P 500 | 1.65 | 1.28 |
| Max drawdown (3Y) | -44.2% | -22.8% |
| Market cap | $21.2B | – |
| P/E (trailing) | 88.3 | – |
| 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 | MTSI | QQQ |
|---|---|---|
| 2022 | -19.6% | -32.6% |
| 2023 | +47.6% | +54.9% |
| 2024 | +39.8% | +25.6% |
| 2025 | +31.8% | +20.8% |
| 2026 | +61.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTSI and QQQ good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MTSI and QQQ?
The MTSI/QQQ correlation stands at 0.55 on a 3-year window (1 year: 0.45, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MTSI?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
A reading of 0.55 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/mtsi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mtsi-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTSI correlations · QQQ correlations
