NTWK vs QQQ: Correlation
Measured on weekly returns over the past three years, NETSOL Technologies Inc. (NTWK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTWK and QQQ?
Across a 3-year window, the weekly returns of NTWK and QQQ correlate at 0.26, weak. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Stretching to 5 years gives 0.24, with an annualized covariance of 241.9 %².
Among the 10 assets we track against NTWK, QQQ sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with QQQ ahead by 25.8 points (+0.5% versus +26.3%). Note the risk asymmetry: NTWK runs 2.4 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.
NTWK vs QQQ: side by side
| NTWK (NETSOL Technologies Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +0.5% | +26.3% |
| 5-year return | -4.3% | +95.4% |
| Volatility (ann.) | 47.2% | 19.6% |
| Beta vs S&P 500 | 0.85 | 1.28 |
| Max drawdown (3Y) | -46.4% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 26.8 | – |
| 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 | NTWK | QQQ |
|---|---|---|
| 2022 | -27.0% | -32.6% |
| 2023 | -23.9% | +54.9% |
| 2024 | +19.1% | +25.6% |
| 2025 | +15.6% | +20.8% |
| 2026 | +32.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTWK and QQQ good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NTWK and QQQ?
The NTWK/QQQ correlation stands at 0.26 on a 3-year window (1 year: 0.27, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NTWK?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
A reading of 0.26 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: NTWK correlations · QQQ correlations
