NRT vs QQQ: Correlation
North European Oil Royality Trust (NRT) and Invesco QQQ Trust (QQQ) show a negative relationship: their 3-year correlation of weekly returns is -0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and QQQ?
Across a 3-year window, the weekly returns of NRT and QQQ correlate at -0.12, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Stretching to 5 years gives 0.02, with an annualized covariance of -123.6 %².
Among the 62 assets we track against NRT, QQQ ranks #6 by 3-year correlation. The last year tells two different stories: NRT led by 58.9 percentage points, +85.2% for NRT against +26.3% for QQQ. One caveat on sizing: NRT is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NRT vs QQQ: side by side
| NRT (North European Oil Royality Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +85.2% | +26.3% |
| 5-year return | +131.5% | +95.4% |
| Volatility (ann.) | 51.6% | 19.6% |
| Beta vs S&P 500 | -0.42 | 1.28 |
| Max drawdown (3Y) | -66.1% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 8.4 | – |
| Dividend yield | 11.95% | 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 | NRT | QQQ |
|---|---|---|
| 2022 | +41.9% | -32.6% |
| 2023 | -46.5% | +54.9% |
| 2024 | -25.3% | +25.6% |
| 2025 | +88.4% | +20.8% |
| 2026 | +41.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and QQQ good diversifiers for each other?
Yes. With a correlation of -0.12, NRT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NRT and QQQ?
As of 2026-08-27, the correlation of weekly returns between NRT and QQQ is -0.12 over 3 years, -0.21 over 1 year and 0.02 over 5 years.
Is QQQ a good diversifier for NRT?
Yes. With a correlation of -0.12, NRT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.12 mean?
On the −1 to +1 scale, -0.12 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/nrt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrt-vs-qqq/)
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Related comparisons
Hubs: NRT correlations · QQQ correlations
