NAMS vs QQQ: Correlation
NewAmsterdam Pharma Company N.V. (NAMS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAMS and QQQ?
On 3 years of weekly data the NAMS/QQQ correlation comes out at 0.30, moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.30). The 5-year figure is 0.18, and annualized covariance runs at 438.8 %².
Among the 11 assets we track against NAMS, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 16.8 percentage points (+9.5% for NAMS against +26.3% for QQQ). One caveat on sizing: NAMS is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NAMS vs QQQ: side by side
| NAMS (NewAmsterdam Pharma Company N.V.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.5% | +26.3% |
| 5-year return | +177.3% | +95.4% |
| Volatility (ann.) | 74.2% | 19.6% |
| Beta vs S&P 500 | 1.73 | 1.28 |
| Max drawdown (3Y) | -45.4% | -22.8% |
| Market cap | $3.1B | – |
| 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 | NAMS | QQQ |
|---|---|---|
| 2022 | +11.8% | -32.6% |
| 2023 | +2.5% | +54.9% |
| 2024 | +130.1% | +25.6% |
| 2025 | +36.5% | +20.8% |
| 2026 | -23.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAMS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NAMS and QQQ?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.17 over the last year and 0.18 over 5 years.
Is QQQ a good diversifier for NAMS?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: NAMS correlations · QQQ correlations
