MYN vs QQQ: Correlation
How closely do Blackrock MuniYield New York Quality Fund, Inc. (MYN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYN and QQQ?
Across a 3-year window, the weekly returns of MYN and QQQ correlate at 0.27, weak. The past 12 months show a tighter link (0.51) than the 3-year average (0.27). Stretching to 5 years gives 0.40, with an annualized covariance of 55.4 %².
QQQ is close to the least connected end of MYN's tracked universe, ranking #12 of 15. On 12-month performance QQQ holds a 14.7-point edge, +11.6% against +26.3%. Note the risk asymmetry: QQQ runs 1.8 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.
MYN vs QQQ: side by side
| MYN (Blackrock MuniYield New York Quality Fund, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.6% | +26.3% |
| 5-year return | -12.0% | +95.4% |
| Volatility (ann.) | 10.7% | 19.6% |
| Beta vs S&P 500 | 0.24 | 1.28 |
| Max drawdown (3Y) | -11.2% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 60.9 | – |
| Dividend yield | 6.30% | 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 | MYN | QQQ |
|---|---|---|
| 2022 | -27.0% | -32.6% |
| 2023 | +9.9% | +54.9% |
| 2024 | +2.8% | +25.6% |
| 2025 | +4.6% | +20.8% |
| 2026 | +2.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYN and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MYN and QQQ?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.51 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for MYN?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 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/myn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/myn-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MYN correlations · QQQ correlations
