NFJ vs QQQ: Correlation
How closely do Virtus Dividend, Interest & Premium Strategy Fund (NFJ) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NFJ and QQQ?
Across a 3-year window, the weekly returns of NFJ and QQQ correlate at 0.67, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 180.3 %².
Among the 34 assets we track against NFJ, QQQ ranks #13 by 3-year correlation. Their 12-month results are close: +31.0% for NFJ against +26.3% for QQQ.
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.
NFJ vs QQQ: side by side
| NFJ (Virtus Dividend, Interest & Premium Strategy Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +31.0% | +26.3% |
| 5-year return | +50.8% | +95.4% |
| Volatility (ann.) | 13.8% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -17.0% | -22.8% |
| Market cap | $1.5B | – |
| P/E (trailing) | 9.8 | – |
| Dividend yield | 7.83% | 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 | NFJ | QQQ |
|---|---|---|
| 2022 | -23.9% | -32.6% |
| 2023 | +21.3% | +54.9% |
| 2024 | +10.0% | +25.6% |
| 2025 | +12.4% | +20.8% |
| 2026 | +26.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NFJ and QQQ good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NFJ and QQQ?
The NFJ/QQQ correlation stands at 0.67 on a 3-year window (1 year: 0.69, 5 years: 0.78), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NFJ?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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/nfj-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nfj-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NFJ correlations · QQQ correlations
