NBTX vs QQQ: Correlation
Nanobiotix S.A. (NBTX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBTX and QQQ?
On 3 years of weekly data the NBTX/QQQ correlation comes out at 0.12, weak. The relationship has been stable: the 1-year correlation (0.10) sits close to the 3-year figure. The 5-year figure is 0.07, and annualized covariance runs at 170.8 %².
QQQ is close to the least connected end of NBTX's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with NBTX ahead by 376.0 points (+402.3% versus +26.3%). One caveat on sizing: NBTX is 3.7 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.
NBTX vs QQQ: side by side
| NBTX (Nanobiotix S.A.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +402.3% | +26.3% |
| 5-year return | +223.5% | +95.4% |
| Volatility (ann.) | 72.0% | 19.6% |
| Beta vs S&P 500 | 0.72 | 1.28 |
| Max drawdown (3Y) | -73.2% | -22.8% |
| Market cap | $2.3B | – |
| 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 | NBTX | QQQ |
|---|---|---|
| 2022 | -54.7% | -32.6% |
| 2023 | +98.4% | +54.9% |
| 2024 | -60.6% | +25.6% |
| 2025 | +705.6% | +20.8% |
| 2026 | +95.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBTX and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
FAQ
What is the correlation between NBTX and QQQ?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.10 over the last year and 0.07 over 5 years.
Is QQQ a good diversifier for NBTX?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
What does a correlation of 0.12 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/nbtx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nbtx-vs-qqq/)
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Related comparisons
Hubs: NBTX correlations · QQQ correlations
