MUFG vs QQQ: Correlation
Measured on weekly returns over the past three years, Mitsubishi UFJ Financial Group, Inc. (MUFG) and Invesco QQQ Trust (QQQ) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MUFG and QQQ?
Over the past 3 years, MUFG and QQQ moved with a correlation of 0.37, which is moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.37). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 219.9 %².
QQQ is close to the least connected end of MUFG's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with MUFG ahead by 20.6 points (+46.9% versus +26.3%). Note the risk asymmetry: MUFG runs 1.6 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.
MUFG vs QQQ: side by side
| MUFG (Mitsubishi UFJ Financial Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +46.9% | +26.3% |
| 5-year return | +338.5% | +95.4% |
| Volatility (ann.) | 30.7% | 19.6% |
| Beta vs S&P 500 | 0.98 | 1.28 |
| Max drawdown (3Y) | -26.6% | -22.8% |
| Market cap | $252.6B | – |
| P/E (trailing) | 16.7 | – |
| Dividend yield | 383.24% | 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 | MUFG | QQQ |
|---|---|---|
| 2022 | +22.2% | -32.6% |
| 2023 | +29.1% | +54.9% |
| 2024 | +40.1% | +25.6% |
| 2025 | +38.0% | +20.8% |
| 2026 | +41.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MUFG and QQQ good diversifiers for each other?
Reasonably. At 0.37, MUFG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MUFG and QQQ?
The MUFG/QQQ correlation stands at 0.37 on a 3-year window (1 year: 0.23, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MUFG?
Reasonably. At 0.37, MUFG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mufg-vs-qqq/)
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Related comparisons
Hubs: MUFG correlations · QQQ correlations
