NAVI vs QQQ: Correlation
Measured on weekly returns over the past three years, Navient Corporation (NAVI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAVI and QQQ?
Across a 3-year window, the weekly returns of NAVI and QQQ correlate at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.25 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 208.7 %².
QQQ is close to the least connected end of NAVI's tracked universe, ranking #10 of 13. The last year tells two different stories: QQQ led by 53.2 percentage points, -26.9% for NAVI against +26.3% for QQQ. Risk is not evenly split, since NAVI carries 1.6 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.
NAVI vs QQQ: side by side
| NAVI (Navient Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -26.9% | +26.3% |
| 5-year return | -49.1% | +95.4% |
| Volatility (ann.) | 32.0% | 19.6% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -57.6% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.83% | 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 | NAVI | QQQ |
|---|---|---|
| 2022 | -19.3% | -32.6% |
| 2023 | +17.6% | +54.9% |
| 2024 | -25.6% | +25.6% |
| 2025 | +2.6% | +20.8% |
| 2026 | -25.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAVI and QQQ good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NAVI and QQQ?
The NAVI/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.25, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NAVI?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/navi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/navi-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NAVI correlations · QQQ correlations
