NTRA vs QQQ: Correlation
Measured on weekly returns over the past three years, Natera, Inc. (NTRA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTRA and QQQ?
Across a 3-year window, the weekly returns of NTRA and QQQ correlate at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.41 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 359.7 %².
Within NTRA's tracked universe of 12 assets, QQQ comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NTRA ahead by 81.4 points (+107.7% versus +26.3%). Risk is not evenly split, since NTRA carries 2.3 times the volatility of the other side.
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.
NTRA vs QQQ: side by side
| NTRA (Natera, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +107.7% | +26.3% |
| 5-year return | +182.7% | +95.4% |
| Volatility (ann.) | 45.2% | 19.6% |
| Beta vs S&P 500 | 1.27 | 1.28 |
| Max drawdown (3Y) | -39.9% | -22.8% |
| Market cap | $48.8B | – |
| 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 | NTRA | QQQ |
|---|---|---|
| 2022 | -57.0% | -32.6% |
| 2023 | +55.9% | +54.9% |
| 2024 | +152.7% | +25.6% |
| 2025 | +44.7% | +20.8% |
| 2026 | +47.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTRA and QQQ good diversifiers for each other?
Reasonably. At 0.41, NTRA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NTRA and QQQ?
As of 2026-08-27, the correlation of weekly returns between NTRA and QQQ is 0.41 over 3 years, 0.26 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for NTRA?
Reasonably. At 0.41, NTRA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/ntra-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ntra-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NTRA correlations · QQQ correlations
