MXC vs QQQ: Correlation
Measured on weekly returns over the past three years, Mexco Energy Corporation (MXC) and Invesco QQQ Trust (QQQ) carry a correlation of -0.07, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and QQQ?
On 3 years of weekly data the MXC/QQQ correlation comes out at -0.07, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.06 over 1 year against -0.07 over 3. The 5-year figure is 0.01, and annualized covariance runs at -79.2 %².
Within MXC's tracked universe of 56 assets, QQQ comes in at #10 by 3-year correlation. Twelve-month performance is nearly a tie, at +21.6% for MXC and +26.3% for QQQ. Note the risk asymmetry: MXC runs 3.2 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.
MXC vs QQQ: side by side
| MXC (Mexco Energy Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.6% | +26.3% |
| 5-year return | +7.2% | +95.4% |
| Volatility (ann.) | 62.1% | 19.6% |
| Beta vs S&P 500 | -0.31 | 1.28 |
| Max drawdown (3Y) | -60.6% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 1.02% | 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 | MXC | QQQ |
|---|---|---|
| 2022 | +33.0% | -32.6% |
| 2023 | -26.2% | +54.9% |
| 2024 | +24.6% | +25.6% |
| 2025 | -10.8% | +20.8% |
| 2026 | -0.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between MXC and QQQ?
Using weekly returns as of 2026-08-27: -0.07 over 3 years, with -0.06 over the last year and 0.01 over 5 years.
Is QQQ a good diversifier for MXC?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
What does a correlation of -0.07 mean?
A reading of -0.07 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mxc-vs-qqq/)
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Related comparisons
Hubs: MXC correlations · QQQ correlations
