NABL vs QQQ: Correlation
Measured on weekly returns over the past three years, N-able, Inc. (NABL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NABL and QQQ?
Across a 3-year window, the weekly returns of NABL and QQQ correlate at 0.17, weak. The link has loosened recently: the 1-year correlation (-0.00) runs below the 3-year figure (0.17). Stretching to 5 years gives 0.24, with an annualized covariance of 160.6 %².
Within NABL's tracked universe of 13 assets, QQQ comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 76.8 points (-50.5% versus +26.3%). Risk is not evenly split, since NABL carries 2.5 times the volatility of the other side.
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.
NABL vs QQQ: side by side
| NABL (N-able, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -50.5% | +26.3% |
| 5-year return | -69.9% | +95.4% |
| Volatility (ann.) | 49.3% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -80.4% | -22.8% |
| Market cap | $0.7B | – |
| 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 | NABL | QQQ |
|---|---|---|
| 2022 | -7.4% | -32.6% |
| 2023 | +28.9% | +54.9% |
| 2024 | -29.5% | +25.6% |
| 2025 | -19.9% | +20.8% |
| 2026 | -47.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NABL and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, NABL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NABL and QQQ?
The NABL/QQQ correlation stands at 0.17 on a 3-year window (1 year: -0.00, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NABL?
Yes. With a correlation of 0.17, NABL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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/nabl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nabl-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NABL correlations · QQQ correlations
