NEGG vs QQQ: Correlation
How closely do Newegg Commerce, Inc. (NEGG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEGG and QQQ?
On 3 years of weekly data the NEGG/QQQ correlation comes out at 0.16, weak. Recent behaviour matches the longer record: 0.22 over 1 year against 0.16 over 3. The 5-year figure is 0.21, and annualized covariance runs at 574.1 %².
Among the 10 assets we track against NEGG, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 97.3 percentage points (-71.0% for NEGG against +26.3% for QQQ). One caveat on sizing: NEGG is 9.4 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.
NEGG vs QQQ: side by side
| NEGG (Newegg Commerce, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -71.0% | +26.3% |
| 5-year return | -95.1% | +95.4% |
| Volatility (ann.) | 184.2% | 19.6% |
| Beta vs S&P 500 | 2.34 | 1.28 |
| Max drawdown (3Y) | -90.3% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 68.0 | – |
| 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 | NEGG | QQQ |
|---|---|---|
| 2022 | -87.4% | -32.6% |
| 2023 | -3.8% | +54.9% |
| 2024 | -68.3% | +25.6% |
| 2025 | +534.5% | +20.8% |
| 2026 | -65.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEGG and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between NEGG and QQQ?
As of 2026-08-27, the correlation of weekly returns between NEGG and QQQ is 0.16 over 3 years, 0.22 over 1 year and 0.21 over 5 years.
Is QQQ a good diversifier for NEGG?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
A reading of 0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NEGG correlations · QQQ correlations
