NNBR vs QQQ: Correlation
Measured on weekly returns over the past three years, NN, Inc. (NNBR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNBR and QQQ?
Over the past 3 years, NNBR and QQQ moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 594.9 %².
Among the 11 assets we track against NNBR, QQQ sits near the bottom by co-movement, at rank #7. On 12-month performance NNBR holds a 13.7-point edge, +40.0% against +26.3%. One caveat on sizing: NNBR is 3.9 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.
NNBR vs QQQ: side by side
| NNBR (NN, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +40.0% | +26.3% |
| 5-year return | -34.0% | +95.4% |
| Volatility (ann.) | 76.0% | 19.6% |
| Beta vs S&P 500 | 2.49 | 1.28 |
| Max drawdown (3Y) | -77.8% | -22.8% |
| Market cap | $0.3B | – |
| 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 | NNBR | QQQ |
|---|---|---|
| 2022 | -63.4% | -32.6% |
| 2023 | +166.7% | +54.9% |
| 2024 | -18.3% | +25.6% |
| 2025 | -60.9% | +20.8% |
| 2026 | +178.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNBR and QQQ good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NNBR and QQQ?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.37 over the last year and 0.33 over 5 years.
Is QQQ a good diversifier for NNBR?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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
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Related comparisons
Hubs: NNBR correlations · QQQ correlations
