NATH vs QQQ: Correlation
How closely do Nathan's Famous, Inc. (NATH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NATH and QQQ?
On 3 years of weekly data the NATH/QQQ correlation comes out at 0.22, weak. The link has loosened recently: the 1-year correlation (-0.02) runs below the 3-year figure (0.22). The 5-year figure is 0.23, and annualized covariance runs at 108.9 %².
Out of 14 assets tracked against NATH, QQQ lands near the bottom at #11. The last year tells two different stories: QQQ led by 31.8 percentage points, -5.5% for NATH against +26.3% for QQQ.
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.
NATH vs QQQ: side by side
| NATH (Nathan's Famous, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.5% | +26.3% |
| 5-year return | +68.7% | +95.4% |
| Volatility (ann.) | 25.3% | 19.6% |
| Beta vs S&P 500 | 0.50 | 1.28 |
| Max drawdown (3Y) | -19.5% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 2.05% | 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 | NATH | QQQ |
|---|---|---|
| 2022 | +18.7% | -32.6% |
| 2023 | +19.2% | +54.9% |
| 2024 | +3.5% | +25.6% |
| 2025 | +24.6% | +20.8% |
| 2026 | +5.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NATH and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NATH and QQQ?
As of 2026-08-27, the correlation of weekly returns between NATH and QQQ is 0.22 over 3 years, -0.02 over 1 year and 0.23 over 5 years.
Is QQQ a good diversifier for NATH?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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.
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Related comparisons
Hubs: NATH correlations · QQQ correlations
