NTIC vs QQQ: Correlation
How closely do Northern Technologies International Corporation (NTIC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.01, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTIC and QQQ?
Over the past 3 years, NTIC and QQQ moved with a correlation of -0.01, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.10) sits close to the 3-year figure. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is -7.3 %².
By 3-year correlation, QQQ places #7 of the 14 assets tracked against NTIC. Correlation aside, the last 12 months split them widely, with QQQ ahead by 17.7 points (+8.6% versus +26.3%). Note the risk asymmetry: NTIC runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NTIC vs QQQ: side by side
| NTIC (Northern Technologies International Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.6% | +26.3% |
| 5-year return | -46.9% | +95.4% |
| Volatility (ann.) | 35.6% | 19.6% |
| Beta vs S&P 500 | 0.01 | 1.28 |
| Max drawdown (3Y) | -63.3% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.37% | 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 | NTIC | QQQ |
|---|---|---|
| 2022 | -10.9% | -32.6% |
| 2023 | -9.4% | +54.9% |
| 2024 | +16.7% | +25.6% |
| 2025 | -41.4% | +20.8% |
| 2026 | +3.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTIC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between NTIC and QQQ?
Using weekly returns as of 2026-08-27: -0.01 over 3 years, with -0.10 over the last year and 0.15 over 5 years.
Is QQQ a good diversifier for NTIC?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
What does a correlation of -0.01 mean?
A reading of -0.01 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: NTIC correlations · QQQ correlations
