NTRP vs QQQ: Correlation
How closely do NextTrip, Inc. (NTRP) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.04, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTRP and QQQ?
Across a 3-year window, the weekly returns of NTRP and QQQ correlate at -0.04, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.08) runs above the 3-year figure (-0.04). Stretching to 5 years gives 0.06, with an annualized covariance of -116.2 %².
Out of 11 assets tracked against NTRP, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 88.1 points (-61.8% versus +26.3%). Note the risk asymmetry: NTRP runs 7.1 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.
NTRP vs QQQ: side by side
| NTRP (NextTrip, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -61.8% | +26.3% |
| 5-year return | -98.0% | +95.4% |
| Volatility (ann.) | 139.9% | 19.6% |
| Beta vs S&P 500 | 0.04 | 1.28 |
| Max drawdown (3Y) | -84.7% | -22.8% |
| Market cap | – | – |
| 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 | NTRP | QQQ |
|---|---|---|
| 2022 | -78.3% | -32.6% |
| 2023 | -62.2% | +54.9% |
| 2024 | +99.5% | +25.6% |
| 2025 | -46.4% | +20.8% |
| 2026 | -57.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTRP and QQQ good diversifiers for each other?
Yes. With a correlation of -0.04, NTRP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NTRP and QQQ?
Using weekly returns as of 2026-08-27: -0.04 over 3 years, with 0.08 over the last year and 0.06 over 5 years.
Is QQQ a good diversifier for NTRP?
Yes. With a correlation of -0.04, NTRP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.04 mean?
A reading of -0.04 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ntrp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ntrp-vs-qqq/)
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Related comparisons
Hubs: NTRP correlations · QQQ correlations
