MU vs QQQM: Correlation
Micron Technology (MU) and Invesco Nasdaq 100 ETF (QQQM) 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 QQQM?
Across a 3-year window, the weekly returns of MU and QQQM correlate at 0.65, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 795.0 %².
By 3-year correlation, QQQM places #11 of the 32 assets tracked against MU. Their recent paths diverged sharply: over the last 12 months MU outperformed by 669.3 percentage points (+695.7% for MU against +26.4% for QQQM). 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 QQQM: side by side
| MU (Micron Technology) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +695.7% | +26.4% |
| 5-year return | +1211.2% | +96.1% |
| Volatility (ann.) | 63.3% | 19.5% |
| Beta vs S&P 500 | 2.47 | 1.28 |
| Max drawdown (3Y) | -57.6% | -22.7% |
| Market cap | – | – |
| P/E (trailing) | 21.2 | – |
| Dividend yield | 0.06% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Information Technology | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | MU | QQQM |
|---|---|---|
| 2022 | -45.9% | -32.5% |
| 2023 | +71.9% | +55.0% |
| 2024 | -1.0% | +25.7% |
| 2025 | +240.2% | +20.9% |
| 2026 | +227.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQM holds MU at a 4.69% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are MU and QQQM 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 QQQM?
As of 2026-08-27, the correlation of weekly returns between MU and QQQM is 0.65 over 3 years, 0.61 over 1 year and 0.61 over 5 years.
Is QQQM 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?
A reading of 0.65 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/mu-vs-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mu-vs-qqqm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MU correlations · QQQM correlations
