NTST vs QQQ: Correlation
How closely do NetSTREIT Corp. (NTST) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.14, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTST and QQQ?
Over the past 3 years, NTST and QQQ moved with a correlation of 0.14, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.06 versus 0.14 over 3 years. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 62.5 %².
Out of 14 assets tracked against NTST, QQQ lands near the bottom at #11. On 12-month performance QQQ holds a 9.3-point edge, +17.0% 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.
NTST vs QQQ: side by side
| NTST (NetSTREIT Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.0% | +26.3% |
| 5-year return | -2.0% | +95.4% |
| Volatility (ann.) | 23.4% | 19.6% |
| Beta vs S&P 500 | 0.44 | 1.28 |
| Max drawdown (3Y) | -23.0% | -22.8% |
| Market cap | $2.1B | – |
| P/E (trailing) | 146.6 | – |
| Dividend yield | 4.19% | 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 | NTST | QQQ |
|---|---|---|
| 2022 | -16.8% | -32.6% |
| 2023 | +2.1% | +54.9% |
| 2024 | -16.7% | +25.6% |
| 2025 | +31.2% | +20.8% |
| 2026 | +18.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTST and QQQ good diversifiers for each other?
Yes. With a correlation of 0.14, NTST and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NTST and QQQ?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with -0.06 over the last year and 0.26 over 5 years.
Is QQQ a good diversifier for NTST?
Yes. With a correlation of 0.14, NTST and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 mean?
A reading of 0.14 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: NTST correlations · QQQ correlations
