NAUT vs QQQ: Correlation
Nautilus Biotechnology, Inc. (NAUT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAUT and QQQ?
On 3 years of weekly data the NAUT/QQQ correlation comes out at 0.22, weak. The past 12 months show a weaker link (-0.05) than the 3-year average (0.22). The 5-year figure is 0.30, and annualized covariance runs at 317.1 %².
QQQ is close to the least connected end of NAUT's tracked universe, ranking #7 of 10. Twelve-month performance is nearly a tie, at +28.6% for NAUT and +26.3% for QQQ. Note the risk asymmetry: NAUT runs 3.7 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.
NAUT vs QQQ: side by side
| NAUT (Nautilus Biotechnology, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +28.6% | +26.3% |
| 5-year return | -88.5% | +95.4% |
| Volatility (ann.) | 72.5% | 19.6% |
| Beta vs S&P 500 | 1.36 | 1.28 |
| Max drawdown (3Y) | -83.8% | -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 | NAUT | QQQ |
|---|---|---|
| 2022 | -65.3% | -32.6% |
| 2023 | +66.1% | +54.9% |
| 2024 | -43.8% | +25.6% |
| 2025 | +16.1% | +20.8% |
| 2026 | -53.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAUT 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 NAUT and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with -0.05 over the last year and 0.30 over 5 years.
Is QQQ a good diversifier for NAUT?
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?
A reading of 0.22 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
$ curl https://www.pairbook.io/api/v1/pairs/naut-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/naut-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NAUT correlations · QQQ correlations
