NOMD vs QQQ: Correlation
Nomad Foods Limited (NOMD) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NOMD and QQQ?
Across a 3-year window, the weekly returns of NOMD and QQQ correlate at -0.02, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. Stretching to 5 years gives 0.11, with an annualized covariance of -11.9 %².
By 3-year correlation, QQQ places #8 of the 14 assets tracked against NOMD. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 44.5 percentage points (-18.2% for NOMD against +26.3% for QQQ).
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.
NOMD vs QQQ: side by side
| NOMD (Nomad Foods Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -18.2% | +26.3% |
| 5-year return | -48.6% | +95.4% |
| Volatility (ann.) | 27.7% | 19.6% |
| Beta vs S&P 500 | 0.16 | 1.28 |
| Max drawdown (3Y) | -52.8% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 4.83% | 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 | NOMD | QQQ |
|---|---|---|
| 2022 | -32.1% | -32.6% |
| 2023 | -1.7% | +54.9% |
| 2024 | +2.4% | +25.6% |
| 2025 | -22.1% | +20.8% |
| 2026 | +0.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NOMD and QQQ good diversifiers for each other?
Yes. With a correlation of -0.02, NOMD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NOMD and QQQ?
Using weekly returns as of 2026-08-27: -0.02 over 3 years, with -0.12 over the last year and 0.11 over 5 years.
Is QQQ a good diversifier for NOMD?
Yes. With a correlation of -0.02, NOMD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.02 mean?
A reading of -0.02 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/nomd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nomd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NOMD correlations · QQQ correlations
