NMAD vs QQQ: Correlation
How closely do Nomad Power Solutions, Inc. (NMAD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMAD and QQQ?
On 3 years of weekly data the NMAD/QQQ correlation comes out at 0.05, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.23) runs above the 3-year figure (0.05). The 5-year figure is 0.08, and annualized covariance runs at 196.3 %².
Among the 14 assets we track against NMAD, QQQ ranks #8 by 3-year correlation. Neither side won the trailing year by much: +29.2% against +26.3%. One caveat on sizing: NMAD is 10.1 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.
NMAD vs QQQ: side by side
| NMAD (Nomad Power Solutions, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +29.2% | +26.3% |
| 5-year return | -80.2% | +95.4% |
| Volatility (ann.) | 197.9% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -80.8% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| 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 | NMAD | QQQ |
|---|---|---|
| 2022 | -57.1% | -32.6% |
| 2023 | -53.9% | +54.9% |
| 2024 | -13.6% | +25.6% |
| 2025 | +93.6% | +20.8% |
| 2026 | +12.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMAD and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between NMAD and QQQ?
The NMAD/QQQ correlation stands at 0.05 on a 3-year window (1 year: 0.23, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NMAD?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
What does a correlation of 0.05 mean?
A reading of 0.05 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: NMAD correlations · QQQ correlations
