NRXP vs QQQ: Correlation
NRX Pharmaceuticals, Inc. (NRXP) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRXP and QQQ?
On 3 years of weekly data the NRXP/QQQ correlation comes out at 0.19, weak. The past 12 months show a tighter link (0.38) than the 3-year average (0.19). The 5-year figure is 0.18, and annualized covariance runs at 419.5 %².
Among the 17 assets we track against NRXP, QQQ ranks #7 by 3-year correlation. Over the last 12 months NRXP came out ahead by 14.0 percentage points (+40.3% against +26.3%). One caveat on sizing: NRXP is 5.7 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.
NRXP vs QQQ: side by side
| NRXP (NRX Pharmaceuticals, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +40.3% | +26.3% |
| 5-year return | -97.5% | +95.4% |
| Volatility (ann.) | 112.5% | 19.6% |
| Beta vs S&P 500 | 1.30 | 1.28 |
| Max drawdown (3Y) | -83.5% | -22.8% |
| Market cap | $0.2B | – |
| 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 | NRXP | QQQ |
|---|---|---|
| 2022 | -76.8% | -32.6% |
| 2023 | -58.6% | +54.9% |
| 2024 | -52.2% | +25.6% |
| 2025 | +23.2% | +20.8% |
| 2026 | +33.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRXP and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NRXP and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.38 over the last year and 0.18 over 5 years.
Is QQQ a good diversifier for NRXP?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 mean?
A reading of 0.19 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/nrxp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrxp-vs-qqq/)
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Related comparisons
Hubs: NRXP correlations · QQQ correlations
