NRP vs QQQ: Correlation
Natural Resource Partners LP Limited Partnership (NRP) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRP and QQQ?
Across a 3-year window, the weekly returns of NRP and QQQ correlate at 0.14, weak. The past 12 months show a weaker link (-0.15) than the 3-year average (0.14). Stretching to 5 years gives 0.11, with an annualized covariance of 79.9 %².
QQQ is close to the least connected end of NRP's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 16.7 percentage points, +9.6% for NRP 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.
NRP vs QQQ: side by side
| NRP (Natural Resource Partners LP Limited Partnership) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.6% | +26.3% |
| 5-year return | +624.7% | +95.4% |
| Volatility (ann.) | 28.3% | 19.6% |
| Beta vs S&P 500 | 0.41 | 1.28 |
| Max drawdown (3Y) | -22.9% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 14.0 | – |
| Dividend yield | 2.73% | 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 | NRP | QQQ |
|---|---|---|
| 2022 | +72.9% | -32.6% |
| 2023 | +87.0% | +54.9% |
| 2024 | +27.4% | +25.6% |
| 2025 | -1.9% | +20.8% |
| 2026 | +7.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRP and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between NRP and QQQ?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with -0.15 over the last year and 0.11 over 5 years.
Is QQQ a good diversifier for NRP?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
What does a correlation of 0.14 mean?
On the −1 to +1 scale, 0.14 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/nrp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrp-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRP correlations · QQQ correlations
