NRIX vs QQQ: Correlation
Nurix Therapeutics, Inc. (NRIX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRIX and QQQ?
Across a 3-year window, the weekly returns of NRIX and QQQ correlate at 0.27, weak. The past 12 months show a weaker link (0.08) than the 3-year average (0.27). Stretching to 5 years gives 0.30, with an annualized covariance of 407.3 %².
QQQ is close to the least connected end of NRIX's tracked universe, ranking #10 of 13. The last year tells two different stories: NRIX led by 155.1 percentage points, +181.4% for NRIX against +26.3% for QQQ. Note the risk asymmetry: NRIX runs 4.0 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.
NRIX vs QQQ: side by side
| NRIX (Nurix Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +181.4% | +26.3% |
| 5-year return | -19.6% | +95.4% |
| Volatility (ann.) | 77.6% | 19.6% |
| Beta vs S&P 500 | 1.82 | 1.28 |
| Max drawdown (3Y) | -70.7% | -22.8% |
| Market cap | $2.8B | – |
| 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 | NRIX | QQQ |
|---|---|---|
| 2022 | -62.1% | -32.6% |
| 2023 | -6.0% | +54.9% |
| 2024 | +82.6% | +25.6% |
| 2025 | +0.7% | +20.8% |
| 2026 | +41.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRIX and QQQ good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NRIX and QQQ?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.08 over the last year and 0.30 over 5 years.
Is QQQ a good diversifier for NRIX?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
A reading of 0.27 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/nrix-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrix-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRIX correlations · QQQ correlations
