NMRK vs QQQ: Correlation
Newmark Group, Inc. (NMRK) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMRK and QQQ?
Across a 3-year window, the weekly returns of NMRK and QQQ correlate at 0.39, moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.39). Stretching to 5 years gives 0.42, with an annualized covariance of 329.1 %².
By 3-year correlation, QQQ places #14 of the 19 assets tracked against NMRK. Correlation aside, the last 12 months split them widely, with QQQ ahead by 40.1 points (-13.8% versus +26.3%). Risk is not evenly split, since NMRK carries 2.2 times the volatility of the other side.
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.
NMRK vs QQQ: side by side
| NMRK (Newmark Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -13.8% | +26.3% |
| 5-year return | +23.3% | +95.4% |
| Volatility (ann.) | 43.4% | 19.6% |
| Beta vs S&P 500 | 1.49 | 1.28 |
| Max drawdown (3Y) | -36.6% | -22.8% |
| Market cap | $3.8B | – |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 0.95% | 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 | NMRK | QQQ |
|---|---|---|
| 2022 | -57.0% | -32.6% |
| 2023 | +39.9% | +54.9% |
| 2024 | +18.1% | +25.6% |
| 2025 | +36.5% | +20.8% |
| 2026 | -9.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMRK and QQQ good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NMRK and QQQ?
As of 2026-08-27, the correlation of weekly returns between NMRK and QQQ is 0.39 over 3 years, 0.24 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for NMRK?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/nmrk-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nmrk-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NMRK correlations · QQQ correlations
