MUR vs QQQ: Correlation
How closely do Murphy Oil Corporation (MUR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MUR and QQQ?
On 3 years of weekly data the MUR/QQQ correlation comes out at -0.05, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.05 over 3 years. The 5-year figure is 0.12, and annualized covariance runs at -37.2 %².
QQQ is close to the least connected end of MUR's tracked universe, ranking #12 of 16. The last year tells two different stories: MUR led by 25.4 percentage points, +51.7% for MUR against +26.3% for QQQ. One caveat on sizing: MUR is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MUR vs QQQ: side by side
| MUR (Murphy Oil Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +51.7% | +26.3% |
| 5-year return | +96.7% | +95.4% |
| Volatility (ann.) | 39.7% | 19.6% |
| Beta vs S&P 500 | 0.16 | 1.28 |
| Max drawdown (3Y) | -58.5% | -22.8% |
| Market cap | $5.2B | – |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 3.89% | 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 | MUR | QQQ |
|---|---|---|
| 2022 | +68.5% | -32.6% |
| 2023 | +2.0% | +54.9% |
| 2024 | -26.8% | +25.6% |
| 2025 | +8.7% | +20.8% |
| 2026 | +18.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MUR and QQQ good diversifiers for each other?
Yes: at -0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MUR and QQQ?
Using weekly returns as of 2026-08-27: -0.05 over 3 years, with -0.47 over the last year and 0.12 over 5 years.
Is QQQ a good diversifier for MUR?
Yes: at -0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.05 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/mur-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mur-vs-qqq/)
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Related comparisons
Hubs: MUR correlations · QQQ correlations
