  The dominant theoretical uncertainties in both, the anomalous magnetic moment
of the muon and the value of the electromagnetic coupling at the Z scale arise
from their hadronic contributions. Since these will ultimately dominate the
experimental errors, we study the correlation between them, as well as with
other fundamental parameters. To this end we present analytical formulas for
the QCD contribution from higher energies and from heavy quarks. Including
these correlations affects the Higgs boson mass extracted from precision data.
