NDSN vs QQQ: Correlation
Measured on weekly returns over the past three years, Nordson Corporation (NDSN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NDSN and QQQ?
On 3 years of weekly data the NDSN/QQQ correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.44). The 5-year figure is 0.57, and annualized covariance runs at 214.8 %².
By 3-year correlation, QQQ places #28 of the 39 assets tracked against NDSN. The last year tells two different stories: NDSN led by 22.2 percentage points, +48.5% for NDSN against +26.3% for QQQ. On a rolling one-year basis the correlation drifted between 0.23 and 0.69, a moderate band.
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.
NDSN vs QQQ: side by side
| NDSN (Nordson Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +48.5% | +26.3% |
| 5-year return | +46.5% | +95.4% |
| Volatility (ann.) | 24.7% | 19.6% |
| Beta vs S&P 500 | 0.97 | 1.28 |
| Max drawdown (3Y) | -39.1% | -22.8% |
| Market cap | $18.4B | – |
| P/E (trailing) | 33.5 | – |
| Dividend yield | 0.98% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | NDSN | QQQ |
|---|---|---|
| 2022 | -5.9% | -32.6% |
| 2023 | +12.4% | +54.9% |
| 2024 | -20.1% | +25.6% |
| 2025 | +17.0% | +20.8% |
| 2026 | +38.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NDSN and QQQ good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NDSN and QQQ?
The NDSN/QQQ correlation stands at 0.44 on a 3-year window (1 year: 0.18, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NDSN?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/ndsn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ndsn-vs-qqq/)
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Related comparisons
Hubs: NDSN correlations · QQQ correlations
