MYRG vs QQQ: Correlation
How closely do MYR Group, Inc. (MYRG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYRG and QQQ?
Over the past 3 years, MYRG and QQQ moved with a correlation of 0.43, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.43 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 417.5 %².
Among the 14 assets we track against MYRG, QQQ sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with MYRG ahead by 39.2 points (+65.5% versus +26.3%). Note the risk asymmetry: MYRG runs 2.5 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.
MYRG vs QQQ: side by side
| MYRG (MYR Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +65.5% | +26.3% |
| 5-year return | +196.6% | +95.4% |
| Volatility (ann.) | 49.8% | 19.6% |
| Beta vs S&P 500 | 1.63 | 1.28 |
| Max drawdown (3Y) | -50.3% | -22.8% |
| Market cap | $4.8B | – |
| P/E (trailing) | 29.7 | – |
| 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 | MYRG | QQQ |
|---|---|---|
| 2022 | -16.7% | -32.6% |
| 2023 | +57.1% | +54.9% |
| 2024 | +2.9% | +25.6% |
| 2025 | +46.9% | +20.8% |
| 2026 | +41.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYRG and QQQ good diversifiers for each other?
Reasonably. At 0.43, MYRG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MYRG and QQQ?
The MYRG/QQQ correlation stands at 0.43 on a 3-year window (1 year: 0.26, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MYRG?
Reasonably. At 0.43, MYRG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/myrg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/myrg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MYRG correlations · QQQ correlations
