NFG vs QQQ: Correlation
Measured on weekly returns over the past three years, National Fuel Gas Company (NFG) and Invesco QQQ Trust (QQQ) carry a correlation of -0.07, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NFG and QQQ?
Across a 3-year window, the weekly returns of NFG and QQQ correlate at -0.07, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.07). Stretching to 5 years gives 0.13, with an annualized covariance of -25.5 %².
QQQ is close to the least connected end of NFG's tracked universe, ranking #10 of 13. Correlation aside, the last 12 months split them widely, with QQQ ahead by 28.9 points (-2.6% versus +26.3%).
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.
NFG vs QQQ: side by side
| NFG (National Fuel Gas Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.6% | +26.3% |
| 5-year return | +87.6% | +95.4% |
| Volatility (ann.) | 20.0% | 19.6% |
| Beta vs S&P 500 | 0.10 | 1.28 |
| Max drawdown (3Y) | -20.9% | -22.8% |
| Market cap | $7.9B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 2.59% | 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 | NFG | QQQ |
|---|---|---|
| 2022 | +1.9% | -32.6% |
| 2023 | -17.7% | +54.9% |
| 2024 | +25.4% | +25.6% |
| 2025 | +35.3% | +20.8% |
| 2026 | +4.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NFG and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between NFG and QQQ?
As of 2026-08-27, the correlation of weekly returns between NFG and QQQ is -0.07 over 3 years, -0.43 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for NFG?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
What does a correlation of -0.07 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/nfg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nfg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NFG correlations · QQQ correlations
