NTR vs QQQ: Correlation
Nutrien Ltd. (NTR) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTR and QQQ?
Over the past 3 years, NTR and QQQ moved with a correlation of 0.01, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.30 versus 0.01 over 3 years. Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 6.7 %².
QQQ is close to the least connected end of NTR's tracked universe, ranking #9 of 12. Neither side won the trailing year by much: +27.7% against +26.3%.
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.
NTR vs QQQ: side by side
| NTR (Nutrien Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +27.7% | +26.3% |
| 5-year return | +39.5% | +95.4% |
| Volatility (ann.) | 28.2% | 19.6% |
| Beta vs S&P 500 | 0.22 | 1.28 |
| Max drawdown (3Y) | -28.3% | -22.8% |
| Market cap | $34.9B | – |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 2.98% | 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 | NTR | QQQ |
|---|---|---|
| 2022 | -0.7% | -32.6% |
| 2023 | -20.2% | +54.9% |
| 2024 | -17.0% | +25.6% |
| 2025 | +40.8% | +20.8% |
| 2026 | +20.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTR and QQQ good diversifiers for each other?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NTR and QQQ?
The NTR/QQQ correlation stands at 0.01 on a 3-year window (1 year: -0.30, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NTR?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.01 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/ntr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ntr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NTR correlations · QQQ correlations
