NNE vs QQQ: Correlation
Nano Nuclear Energy Inc. (NNE) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNE and QQQ?
Over the past 3 years, NNE and QQQ moved with a correlation of 0.40, which is moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.40). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1265.8 %².
Within NNE's tracked universe of 18 assets, QQQ comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 67.8 points (-41.5% versus +26.3%). Note the risk asymmetry: NNE runs 7.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NNE vs QQQ: side by side
| NNE (Nano Nuclear Energy Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -41.5% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 155.1% | 19.6% |
| Beta vs S&P 500 | 4.18 | 1.28 |
| Max drawdown (3Y) | -77.7% | -22.8% |
| Market cap | $1.0B | – |
| 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 | NNE | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -3.6% | +20.8% |
| 2026 | -19.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNE and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NNE and QQQ?
As of 2026-08-27, the correlation of weekly returns between NNE and QQQ is 0.40 over 3 years, 0.65 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for NNE?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
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.
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Related comparisons
Hubs: NNE correlations · QQQ correlations
