MYGN vs QQQ: Correlation
How closely do Myriad Genetics, Inc. (MYGN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYGN and QQQ?
Across a 3-year window, the weekly returns of MYGN and QQQ correlate at 0.24, weak. Lately the two have drifted apart, with the 1-year correlation at 0.05 versus 0.24 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 378.2 %².
Out of 11 assets tracked against MYGN, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 72.7 percentage points, -46.4% for MYGN against +26.3% for QQQ. One caveat on sizing: MYGN is 4.1 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.
MYGN vs QQQ: side by side
| MYGN (Myriad Genetics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -46.4% | +26.3% |
| 5-year return | -91.1% | +95.4% |
| Volatility (ann.) | 80.5% | 19.6% |
| Beta vs S&P 500 | 1.49 | 1.28 |
| Max drawdown (3Y) | -90.0% | -22.8% |
| Market cap | $0.3B | – |
| 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 | MYGN | QQQ |
|---|---|---|
| 2022 | -47.4% | -32.6% |
| 2023 | +31.9% | +54.9% |
| 2024 | -28.4% | +25.6% |
| 2025 | -55.1% | +20.8% |
| 2026 | -48.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYGN and QQQ good diversifiers for each other?
Reasonably. At 0.24, MYGN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MYGN and QQQ?
The MYGN/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.05, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MYGN?
Reasonably. At 0.24, MYGN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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/mygn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mygn-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MYGN correlations · QQQ correlations
