NOC vs QQQ: Correlation
Northrop Grumman (NOC) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NOC and QQQ?
On 3 years of weekly data the NOC/QQQ correlation comes out at 0.03, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.04 lands near the 3-year figure. The 5-year figure is 0.06, and annualized covariance runs at 15.2 %².
By 3-year correlation, QQQ places #19 of the 30 assets tracked against NOC. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 31.9 percentage points (-5.6% for NOC against +26.3% for QQQ). The rolling one-year correlation moved between -0.24 and 0.22 over the past three years, a moderate range.
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.
NOC vs QQQ: side by side
| NOC (Northrop Grumman) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.6% | +26.3% |
| 5-year return | +60.1% | +95.4% |
| Volatility (ann.) | 26.7% | 19.6% |
| Beta vs S&P 500 | 0.24 | 1.28 |
| Max drawdown (3Y) | -35.1% | -22.8% |
| Market cap | $77.4B | – |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 1.71% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | NOC | QQQ |
|---|---|---|
| 2022 | +43.0% | -32.6% |
| 2023 | -12.8% | +54.9% |
| 2024 | +1.9% | +25.6% |
| 2025 | +23.6% | +20.8% |
| 2026 | -3.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NOC and QQQ good diversifiers for each other?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NOC and QQQ?
Using weekly returns as of 2026-08-27: 0.03 over 3 years, with 0.04 over the last year and 0.06 over 5 years.
Is QQQ a good diversifier for NOC?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.03 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: NOC correlations · QQQ correlations
