MYE vs QQQ: Correlation
Myers Industries, Inc. (MYE) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYE and QQQ?
On 3 years of weekly data the MYE/QQQ correlation comes out at 0.20, weak. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.20). The 5-year figure is 0.25, and annualized covariance runs at 154.3 %².
Among the 13 assets we track against MYE, QQQ ranks #8 by 3-year correlation. The last year tells two different stories: MYE led by 75.6 percentage points, +101.9% for MYE against +26.3% for QQQ. One caveat on sizing: MYE 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.
MYE vs QQQ: side by side
| MYE (Myers Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +101.9% | +26.3% |
| 5-year return | +70.0% | +95.4% |
| Volatility (ann.) | 39.3% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -59.0% | -22.8% |
| Market cap | $1.3B | – |
| P/E (trailing) | 24.8 | – |
| Dividend yield | 1.62% | 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 | MYE | QQQ |
|---|---|---|
| 2022 | +14.0% | -32.6% |
| 2023 | -9.5% | +54.9% |
| 2024 | -41.4% | +25.6% |
| 2025 | +75.7% | +20.8% |
| 2026 | +79.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYE and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MYE and QQQ?
The MYE/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.05, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MYE?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 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.
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Related comparisons
Hubs: MYE correlations · QQQ correlations
