NAKA vs QQQ: Correlation
Nakamoto Inc. (NAKA) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAKA and QQQ?
Across a 3-year window, the weekly returns of NAKA and QQQ correlate at 0.25, weak. The past 12 months show a weaker link (0.13) than the 3-year average (0.25). Stretching to 5 years gives n/a, with an annualized covariance of 1201.7 %².
Within NAKA's tracked universe of 17 assets, QQQ comes in at #12 by 3-year correlation. The last year tells two different stories: QQQ led by 123.2 percentage points, -96.9% for NAKA against +26.3% for QQQ. Note the risk asymmetry: NAKA runs 11.8 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.
NAKA vs QQQ: side by side
| NAKA (Nakamoto Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -96.9% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 231.2% | 19.6% |
| Beta vs S&P 500 | 4.09 | 1.28 |
| Max drawdown (3Y) | -99.7% | -22.8% |
| Market cap | $0.1B | – |
| 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 | NAKA | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -71.7% | +20.8% |
| 2026 | -44.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAKA and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NAKA and QQQ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.13 over the last year and n/a over 5 years.
Is QQQ a good diversifier for NAKA?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 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/naka-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/naka-vs-qqq/)
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Related comparisons
Hubs: NAKA correlations · QQQ correlations
