NSIT vs QQQ: Correlation
Measured on weekly returns over the past three years, Insight Enterprises, Inc. (NSIT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NSIT and QQQ?
Across a 3-year window, the weekly returns of NSIT and QQQ correlate at 0.46, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.46 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 345.9 %².
Within NSIT's tracked universe of 14 assets, QQQ comes in at #8 by 3-year correlation. Their 12-month results are close: +21.4% for NSIT against +26.3% for QQQ. One caveat on sizing: NSIT is 1.9 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.
NSIT vs QQQ: side by side
| NSIT (Insight Enterprises, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.4% | +26.3% |
| 5-year return | +51.9% | +95.4% |
| Volatility (ann.) | 38.2% | 19.6% |
| Beta vs S&P 500 | 1.35 | 1.28 |
| Max drawdown (3Y) | -71.4% | -22.8% |
| Market cap | $4.6B | – |
| P/E (trailing) | 22.5 | – |
| 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 | NSIT | QQQ |
|---|---|---|
| 2022 | -5.9% | -32.6% |
| 2023 | +76.7% | +54.9% |
| 2024 | -14.2% | +25.6% |
| 2025 | -46.4% | +20.8% |
| 2026 | +91.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NSIT and QQQ good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NSIT and QQQ?
The NSIT/QQQ correlation stands at 0.46 on a 3-year window (1 year: 0.44, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NSIT?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nsit-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nsit-vs-qqq/)
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Related comparisons
Hubs: NSIT correlations · QQQ correlations
