MYPS vs QQQ: Correlation
PLAYSTUDIOS, Inc. (MYPS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYPS and QQQ?
Across a 3-year window, the weekly returns of MYPS and QQQ correlate at 0.28, weak. The relationship has been stable: the 1-year correlation (0.26) sits close to the 3-year figure. Stretching to 5 years gives 0.26, with an annualized covariance of 320.5 %².
Among the 10 assets we track against MYPS, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 76.3 percentage points, -50.0% for MYPS against +26.3% for QQQ. Note the risk asymmetry: MYPS runs 3.0 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.
MYPS vs QQQ: side by side
| MYPS (PLAYSTUDIOS, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -50.0% | +26.3% |
| 5-year return | -90.2% | +95.4% |
| Volatility (ann.) | 58.2% | 19.6% |
| Beta vs S&P 500 | 1.24 | 1.28 |
| Max drawdown (3Y) | -88.8% | -22.8% |
| Market cap | $0.1B | – |
| 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 | MYPS | QQQ |
|---|---|---|
| 2022 | -1.8% | -32.6% |
| 2023 | -30.2% | +54.9% |
| 2024 | -31.4% | +25.6% |
| 2025 | -64.9% | +20.8% |
| 2026 | -22.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYPS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MYPS and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.26 over the last year and 0.26 over 5 years.
Is QQQ a good diversifier for MYPS?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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
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Related comparisons
Hubs: MYPS correlations · QQQ correlations
