MU vs QQQ: Correlation
Micron Technology (MU) and Invesco QQQ Trust (QQQ) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MU and QQQ?
On 3 years of weekly data the MU/QQQ correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 798.9 %².
Among the 32 assets we track against MU, QQQ ranks #10 by 3-year correlation. The last year tells two different stories: MU led by 669.4 percentage points, +695.7% for MU against +26.3% for QQQ. On a rolling one-year basis the correlation drifted between 0.50 and 0.77, a moderate band. Risk is not evenly split, since MU carries 3.2 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.
MU vs QQQ: side by side
| MU (Micron Technology) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +695.7% | +26.3% |
| 5-year return | +1211.2% | +95.4% |
| Volatility (ann.) | 63.3% | 19.6% |
| Beta vs S&P 500 | 2.47 | 1.28 |
| Max drawdown (3Y) | -57.6% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 21.2 | – |
| Dividend yield | 0.06% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | MU | QQQ |
|---|---|---|
| 2022 | -45.9% | -32.6% |
| 2023 | +71.9% | +54.9% |
| 2024 | -1.0% | +25.6% |
| 2025 | +240.2% | +20.8% |
| 2026 | +227.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 4.69% of QQQ is MU itself, so the fund partly moves with the stock by construction.
Are MU and QQQ good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MU and QQQ?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.61 over the last year and 0.61 over 5 years.
Is QQQ a good diversifier for MU?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 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/mu-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mu-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MU correlations · QQQ correlations
