NSLR vs QQQ: Correlation
How closely do Neostellar Capital Corp. - Closed End Fund (NSLR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NSLR and QQQ?
Over the past 3 years, NSLR and QQQ moved with a correlation of 0.29, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.40 versus 0.29 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 251.6 %².
Among the 11 assets we track against NSLR, QQQ sits near the bottom by co-movement, at rank #8. The trailing year gives QQQ the advantage: +21.3% versus +26.3%, a 5.0-point spread. One caveat on sizing: NSLR is 2.3 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.
NSLR vs QQQ: side by side
| NSLR (Neostellar Capital Corp. - Closed End Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.3% | +26.3% |
| 5-year return | +4.6% | +95.4% |
| Volatility (ann.) | 45.0% | 19.6% |
| Beta vs S&P 500 | 0.97 | 1.28 |
| Max drawdown (3Y) | -35.6% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 2.5 | – |
| 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 | NSLR | QQQ |
|---|---|---|
| 2022 | -70.3% | -32.6% |
| 2023 | +3.7% | +54.9% |
| 2024 | +49.2% | +25.6% |
| 2025 | +69.9% | +20.8% |
| 2026 | +9.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NSLR and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NSLR and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.40 over the last year and 0.37 over 5 years.
Is QQQ a good diversifier for NSLR?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NSLR correlations · QQQ correlations
