MZTI vs QQQ: Correlation
How closely do The Marzetti Company (MZTI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.11, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MZTI and QQQ?
On 3 years of weekly data the MZTI/QQQ correlation comes out at 0.11, weak. The link has loosened recently: the 1-year correlation (-0.04) runs below the 3-year figure (0.11). The 5-year figure is 0.08, and annualized covariance runs at 65.1 %².
Out of 11 assets tracked against MZTI, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 62.7 points (-36.4% versus +26.3%).
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.
MZTI vs QQQ: side by side
| MZTI (The Marzetti Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -36.4% | +26.3% |
| 5-year return | -29.4% | +95.4% |
| Volatility (ann.) | 29.3% | 19.6% |
| Beta vs S&P 500 | 0.29 | 1.28 |
| Max drawdown (3Y) | -46.8% | -22.8% |
| Market cap | $3.1B | – |
| P/E (trailing) | 16.1 | – |
| Dividend yield | 3.48% | 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 | MZTI | QQQ |
|---|---|---|
| 2022 | +21.6% | -32.6% |
| 2023 | -14.0% | +54.9% |
| 2024 | +6.1% | +25.6% |
| 2025 | -2.9% | +20.8% |
| 2026 | -30.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MZTI and QQQ good diversifiers for each other?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MZTI and QQQ?
As of 2026-08-27, the correlation of weekly returns between MZTI and QQQ is 0.11 over 3 years, -0.04 over 1 year and 0.08 over 5 years.
Is QQQ a good diversifier for MZTI?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.11 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/mzti-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mzti-vs-qqq/)
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Related comparisons
Hubs: MZTI correlations · QQQ correlations
