MTUM vs QCOM: Correlation
iShares MSCI USA Momentum Factor ETF (MTUM) and Qualcomm (QCOM) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTUM and QCOM?
Across a 3-year window, the weekly returns of MTUM and QCOM correlate at 0.62, strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 536.7 %².
By 3-year correlation, QCOM places #59 of the 109 assets tracked against MTUM. The last year tells two different stories: MTUM led by 19.9 percentage points, +25.2% for MTUM against +5.3% for QCOM. Across three years, the rolling one-year figure varied moderately, from 0.42 to 0.76. Risk is not evenly split, since QCOM carries 2.1 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.
MTUM vs QCOM: side by side
| MTUM (iShares MSCI USA Momentum Factor ETF) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | +25.2% | +5.3% |
| 5-year return | +76.1% | +25.8% |
| Volatility (ann.) | 20.6% | 42.4% |
| Beta vs S&P 500 | 1.25 | 1.77 |
| Max drawdown (3Y) | -21.0% | -44.2% |
| Market cap | – | $176.0B |
| P/E (trailing) | – | 18.9 |
| Dividend yield | 0.62% | 2.19% |
| Expense ratio | 0.15% | – |
| Assets under management | $25.3B | – |
| Sector / category | ETF · US Style | Information Technology |
MTUM, iShares's Large Blend fund, carries $25.3B under management, 126 holdings, a 0.15% expense ratio, a 0.62% trailing dividend yield.
Year-by-year returns
| Year | MTUM | QCOM |
|---|---|---|
| 2022 | -18.3% | -38.6% |
| 2023 | +9.1% | +35.1% |
| 2024 | +32.9% | +8.3% |
| 2025 | +22.1% | +13.8% |
| 2026 | +21.8% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTUM and QCOM good diversifiers for each other?
Only partially. A correlation of 0.62 means MTUM and QCOM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MTUM and QCOM?
The MTUM/QCOM correlation stands at 0.62 on a 3-year window (1 year: 0.59, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is QCOM a good diversifier for MTUM?
Only partially. A correlation of 0.62 means MTUM and QCOM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mtum-vs-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mtum-vs-qcom/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTUM correlations · QCOM correlations
