NEXN vs QQQ: Correlation
How closely do Nexxen International Ltd. (NEXN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEXN and QQQ?
On 3 years of weekly data the NEXN/QQQ correlation comes out at 0.26, weak. Recent behaviour matches the longer record: 0.18 over 1 year against 0.26 over 3. The 5-year figure is 0.40, and annualized covariance runs at 232.8 %².
QQQ is close to the least connected end of NEXN's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 23.7 percentage points, +2.6% for NEXN against +26.3% for QQQ. One caveat on sizing: NEXN is 2.3 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.
NEXN vs QQQ: side by side
| NEXN (Nexxen International Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +2.6% | +26.3% |
| 5-year return | -49.7% | +95.4% |
| Volatility (ann.) | 45.7% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -53.7% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 46.0 | – |
| 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 | NEXN | QQQ |
|---|---|---|
| 2022 | -57.4% | -32.6% |
| 2023 | -21.6% | +54.9% |
| 2024 | +98.0% | +25.6% |
| 2025 | -34.7% | +20.8% |
| 2026 | +54.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEXN and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NEXN and QQQ?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.18 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for NEXN?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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/nexn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nexn-vs-qqq/)
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Related comparisons
Hubs: NEXN correlations · QQQ correlations
