NAII vs QQQ: Correlation
Natural Alternatives International, Inc. (NAII) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAII and QQQ?
On 3 years of weekly data the NAII/QQQ correlation comes out at 0.02, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.09 lands near the 3-year figure. The 5-year figure is 0.07, and annualized covariance runs at 21.9 %².
By 3-year correlation, QQQ places #7 of the 14 assets tracked against NAII. Correlation aside, the last 12 months split them widely, with QQQ ahead by 62.3 points (-36.0% versus +26.3%). Risk is not evenly split, since NAII 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.
NAII vs QQQ: side by side
| NAII (Natural Alternatives International, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -36.0% | +26.3% |
| 5-year return | -85.1% | +95.4% |
| Volatility (ann.) | 49.2% | 19.6% |
| Beta vs S&P 500 | 0.09 | 1.28 |
| Max drawdown (3Y) | -71.7% | -22.8% |
| Market cap | – | – |
| 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 | NAII | QQQ |
|---|---|---|
| 2022 | -33.7% | -32.6% |
| 2023 | -22.2% | +54.9% |
| 2024 | -34.0% | +25.6% |
| 2025 | -16.9% | +20.8% |
| 2026 | -36.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAII and QQQ good diversifiers for each other?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NAII and QQQ?
The NAII/QQQ correlation stands at 0.02 on a 3-year window (1 year: 0.09, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NAII?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 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/naii-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/naii-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NAII correlations · QQQ correlations
