MXL vs QQQ: Correlation
MaxLinear, Inc (MXL) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXL and QQQ?
Over the past 3 years, MXL and QQQ moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 850.8 %².
Among the 24 assets we track against MXL, QQQ ranks #10 by 3-year correlation. The last year tells two different stories: MXL led by 252.6 percentage points, +278.9% for MXL against +26.3% for QQQ. Risk is not evenly split, since MXL carries 5.4 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.
MXL vs QQQ: side by side
| MXL (MaxLinear, Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +278.9% | +26.3% |
| 5-year return | +19.8% | +95.4% |
| Volatility (ann.) | 105.2% | 19.6% |
| Beta vs S&P 500 | 2.50 | 1.28 |
| Max drawdown (3Y) | -63.9% | -22.8% |
| Market cap | $5.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | MXL | QQQ |
|---|---|---|
| 2022 | -55.0% | -32.6% |
| 2023 | -30.0% | +54.9% |
| 2024 | -16.8% | +25.6% |
| 2025 | -11.9% | +20.8% |
| 2026 | +263.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXL and QQQ good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MXL and QQQ?
The MXL/QQQ correlation stands at 0.41 on a 3-year window (1 year: 0.39, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MXL?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mxl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mxl-vs-qqq/)
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Related comparisons
Hubs: MXL correlations · QQQ correlations
