NNN vs QQQ: Correlation
NNN REIT, Inc. (NNN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NNN and QQQ?
On 3 years of weekly data the NNN/QQQ correlation comes out at 0.10, weak. The past 12 months show a weaker link (-0.09) than the 3-year average (0.10). The 5-year figure is 0.30, and annualized covariance runs at 37.3 %².
QQQ is close to the least connected end of NNN's tracked universe, ranking #31 of 34. On 12-month performance QQQ holds a 13.2-point edge, +13.1% against +26.3%.
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.
NNN vs QQQ: side by side
| NNN (NNN REIT, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.1% | +26.3% |
| 5-year return | +25.1% | +95.4% |
| Volatility (ann.) | 18.8% | 19.6% |
| Beta vs S&P 500 | 0.31 | 1.28 |
| Max drawdown (3Y) | -22.0% | -22.8% |
| Market cap | $8.6B | – |
| P/E (trailing) | 22.3 | – |
| Dividend yield | 5.26% | 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 | NNN | QQQ |
|---|---|---|
| 2022 | -0.0% | -32.6% |
| 2023 | -0.6% | +54.9% |
| 2024 | -0.1% | +25.6% |
| 2025 | +2.8% | +20.8% |
| 2026 | +19.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NNN and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
FAQ
What is the correlation between NNN and QQQ?
The NNN/QQQ correlation stands at 0.10 on a 3-year window (1 year: -0.09, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NNN?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
What does a correlation of 0.10 mean?
On the −1 to +1 scale, 0.10 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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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: NNN correlations · QQQ correlations
