NTZ vs QQQ: Correlation
Natuzzi, S.p.A. (NTZ) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTZ and QQQ?
On 3 years of weekly data the NTZ/QQQ correlation comes out at 0.26, weak. Recent behaviour matches the longer record: 0.25 over 1 year against 0.26 over 3. The 5-year figure is 0.22, and annualized covariance runs at 261.6 %².
Out of 10 assets tracked against NTZ, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 93.0 points (-66.7% versus +26.3%). Risk is not evenly split, since NTZ carries 2.7 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.
NTZ vs QQQ: side by side
| NTZ (Natuzzi, S.p.A.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -66.7% | +26.3% |
| 5-year return | -93.4% | +95.4% |
| Volatility (ann.) | 52.2% | 19.6% |
| Beta vs S&P 500 | 1.05 | 1.28 |
| Max drawdown (3Y) | -86.3% | -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 | NTZ | QQQ |
|---|---|---|
| 2022 | -51.7% | -32.6% |
| 2023 | -12.0% | +54.9% |
| 2024 | -29.1% | +25.6% |
| 2025 | -50.8% | +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 NTZ 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 NTZ and QQQ?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.25 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for NTZ?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ntz-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ntz-vs-qqq/)
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Related comparisons
Hubs: NTZ correlations · QQQ correlations
