NRDS vs QQQ: Correlation
How closely do NerdWallet, Inc. (NRDS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRDS and QQQ?
On 3 years of weekly data the NRDS/QQQ correlation comes out at 0.25, weak. Little has changed lately, as the 1-year reading of 0.22 lands near the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 267.1 %².
Out of 12 assets tracked against NRDS, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 33.7 points (-7.4% versus +26.3%). Note the risk asymmetry: NRDS runs 2.8 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.
NRDS vs QQQ: side by side
| NRDS (NerdWallet, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -7.4% | +26.3% |
| 5-year return | -65.7% | +95.4% |
| Volatility (ann.) | 55.3% | 19.6% |
| Beta vs S&P 500 | 1.08 | 1.28 |
| Max drawdown (3Y) | -55.4% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 10.9 | – |
| 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 | NRDS | QQQ |
|---|---|---|
| 2022 | -38.3% | -32.6% |
| 2023 | +53.3% | +54.9% |
| 2024 | -9.6% | +25.6% |
| 2025 | +1.9% | +20.8% |
| 2026 | -28.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRDS and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NRDS and QQQ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.22 over the last year and 0.30 over 5 years.
Is QQQ a good diversifier for NRDS?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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
$ curl https://www.pairbook.io/api/v1/pairs/nrds-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrds-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRDS correlations · QQQ correlations
